Emblem Corp. Announces Completion of Qualifying Transaction, Short Form Offering and Proposed Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 7, 2016) -

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Emblem Corp. (the "Company") (TSX VENTURE:EMP), formerly Saber Capital Corp. (TSX VENTURE:SAB:H), is pleased to announce that it completed its previously announced qualifying transaction (the "Qualifying Transaction") with 9045538 Canada Inc. (formerly Emblem Corp.) ("9045538") and related short form offering document financing. As previously announced on December 5, 2016, in connection with the Qualifying Transaction, effective December 5, 2016, the Company changed its name to "Emblem Corp.", consolidated its common shares ("Common Shares") on the basis of one (1) post-consolidation Common Share for every four (4) pre-consolidation Common Share and continued out of the jurisdiction of the Business Corporation Act (British Columbia) and into the jurisdiction of the Canada Business Corporations Act ("CBCA").

The TSX Venture Exchange (the "Exchange") issued its conditional approval of the Transaction on November 30, 2016. The Common Shares will resume trading on the Exchange under the new ticker symbol "EMP" after the Exchange's conditions for listing are satisfied and the Exchange issues its final exchange bulletin confirming the completion of the Qualifying Transaction.

Pursuant to the Qualifying Transaction, the Company acquired all of the issued and outstanding securities of 9045538. The focus of the Company's business will be producing marihuana from its facility in Paris, Ontario pursuant to the provisions of the Access to Cannabis for Medical Purposes Regulations and the Controlled Drugs and Substances Act (Canada) and its regulations. Additional information in respect of the Company's business is available in the Company's filing statement dated November 30, 2016, available under the Company's profile on www.sedar.com.

As previously announced on November 15, 2016, in connection with the Qualifying Transaction, on November 10, 2016, the Company closed a brokered and non-brokered offering (the "Offering") of subscription receipts (the "Subscription Receipts") to raise an aggregate of approximately $21.6 million. Each Subscription Receipt has been exchanged into units consisting of one Common Share and one-half of one Common Share purchase warrant of the Company (each whole warrant being a "Warrant"). Each Warrant will be exercisable into one Common Share at the exercise price of $1.75 per Common Share for a period of three (3) years from the closing of the Qualifying Transaction. The Subscription Receipts and all underlying securities are subject to a 4 month statutory hold period in accordance with applicable securities laws. The Common Shares issuable upon exercise of the Warrants will also be subject to a 12 month contractual hold period commencing the date of closing of the Qualifying Transaction.