(CNW Group/Sabina Gold & Silver Corp) SBB – TSX VANCOUVER, Feb. 14, 2017 /CNW/ - Sabina Gold & Silver Corp (the "Company") (SBB – TSX) has announced today that it has entered into an agreement with a syndicate of underwriters led by, Canaccord Genuity and including, Paradigm Capital Inc., Cormark Securities Inc., Haywood Securities Inc. and Echelon Wealth Partners Inc. (the "Underwriters") under which the Underwriters have agreed to place, on a bought deal basis, 3,150,000 flow-through common shares (the "Flow-Through Common Shares") at a price of $1.75 to raise gross proceeds of approximately $5,512,500 (the "Offering"). In addition, the Company will grant the Underwriters an over-allotment option, at the offering price, to purchase up to an additional 290,000 Flow-Through Common Shares (the "Over-Allotment Shares") exercisable at least 48 hours prior to the closing date.