Sabre Resources Limited announced that it has completed the acquisition of Power Metals Pty Ltd, the holder of a 100% interest in the Bonanza Gold Project (EL 57/1125), located adjacent to the discovery at the Penny West Gold Project owned by Spectrum Metals Limited, located in the Youanmi Gold Mining District, in Western Australia. The acquisition, details of which were first announced to the ASX on 2 August 2019, was settled via Sabre issuing a total of 6,000,000 fully paid ordinary shares and 50,000,000 options with exercise prices of $0.008 and expiring 30 September 2022, to the vendors of Power Metals Pty Ltd. The issue of all consideration securities was approved by shareholders at the General Meeting of the Company held on 30 October 2019.