The Prospector News

Sage Gold Inc. Announces Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Sage Gold Inc. Announces Private Placement

 

 

 

 

 

Sage Gold Inc. (TSX VENTURE:SGX) is pleased to announce that it intends to complete a non-brokered private placement for gross proceeds of $700,000. The Offering will consist of the sale of 16,666,666 common shares at $0.03 per Common Share and the sale of 4,000,000 flow-through units at $0.05 per FT Unit. Each FT Unit will consist of one Common Share issued on a flow-through basis and one-half of one Common Share purchase warrant of the Company. Each whole Warrant shall entitle the holder to purchase one Common Share at a price of $0.05 for a period of 12 months following the closing date of the Offering.
 

The Company intends to use the net proceeds of the Offering to maintain the Company’s assets, for debt repayment and working capital purposes. Completion of the Offering is subject to the receipt of all necessary approvals including the approval TSX Venture Exchange (“TSXV”). Namely, approval of the sale of the Common Share portion of the Offering is being sought pursuant to the TSXV’s Notice to Issuers dated April 12, 2013, regarding the Extension and Modification of Temporary Relief from Certain Pricing Requirements.
 

All securities issued pursuant to the Offering will be subject to a statutory four-month and one day hold period.
 

About Sage

 

Sage is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold deposit in Timmins and the Lynx deposit and other exploration properties in the Beardmore-Geraldton Gold Camp.

Posted April 30, 2013

Share this news article

MORE or "UNCATEGORIZED"


Enduro Discovers New Copper-Gold Porphyry at Newmont Lake; Drill Intersects 331m of 0.71% CuEq Starting at Surface- Including 146m of 1.00% CuEq

Enduro Metals Corporation (TSX-V: ENDR) (OTCQB: ENDMF) (FSE: SOG)... READ MORE

October 18, 2021

Romios Gold Identifies Two New Folded Banded Iron Formations on the Lundmark-Akow Lake Project in NW Ontario

Romios Gold Resources Inc. (TSX-V:  RG) (OTCQB: RMIOF) (FSE: D4... READ MORE

October 18, 2021

Element 29 Drills 383.75 Metres of 0.71% CUEQ at the Elida Copper Project

Element 29 Resources Inc. (TSX-V: ECU) (OTCQB: EMTRF)  is please... READ MORE

October 18, 2021

Consolidated Uranium Announces Proposed Spin-Out of Labrador Uranium Inc., Creating a New Labrador Focused Uranium Explorer and Developer

Exercises Option on the Moran Lake Uranium and Vanadium Project L... READ MORE

October 18, 2021

Radisson reports high grade gold intercepts including 34.71 g/t Au over 3.90 m and 7.55 g/t Au over 10.50 m from resource expansion drilling along trend #1 at the O’Brien project

Radisson Mining Resources Inc. (TSX-V: RDS) (OTC: RMRDF):  is pl... READ MORE

October 18, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News