Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

Braydon Capital to Acquire Additional Common Shares of Kerr Mines
TORONTO, ONTARIO--(Marketwired - Aug. 26, 2016) - Braydon Capital Corporation ("Braydon") announces that it has entered into a debt conversion agreement with Kerr Mines Inc. ("Kerr Mines") pursuant to which Braydon has agreed to acquire 18,500,000 common shares of Kerr Mines (the "Conversion Shares") in settlement of $1,500,000 of the outstanding principal amount of a secured promissory note previously issued by Kerr Mines to Braydon. The issuance of the Conversion Shares is subject to, among other things, the approval of Kerr Mines' disinterested shareholders and the final approval of the Toronto Stock Exchange.
Taking into account certain additional common shares which are proposed to be issued prior to or concurrently with the issuance of the Conversion Shares as announced by Kerr Mines, the Conversion Shares will represent approximately 9.7% of the 190,968,865 issued and outstanding common shares immediately upon the issuance thereof.
Braydon currently owns 3,704,460 common shares and 2,133,333 warrants to purchase additional common shares. Certain joint actors of Braydon (collectively with Braydon, the "Braydon Group") collectively own an additional 2,679,639 common shares and 833,334 warrants (collectively with the warrants held by Braydon, the "Braydon Group Warrants") to purchase additional common shares.
http://www.marketwired.com/press-release/braydon-capital-to-acquire-additional-common-shares-of-kerr-mines-2153749.htm