Sable Resources Ltd. has announced the successful closing of a non-brokered private placement with Moxico Resources plc, raising gross proceeds of C$1.75 million. This financing was achieved through the issuance of 31,800,000 common shares at a price of C$0.055 per share. Moxico now holds a 9.9% stake in Sable's issued and outstanding shares, with rights to maintain its equity interest. The funds raised will be utilized for exploration and general corporate purposes. The transaction is pending final approval from the TSX Venture Exchange. Moxico, a UK-based mining company, also holds an exclusive option to acquire a 51% stake in Sable's El Fierro Project and Cerro-Negro Property.