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| Home : Sage Closes Financing |
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May 30
2011 |
Sage Closes Financing |
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TORONTO, ONTARIO--(Marketwire - May 30, 2011) -Sage Gold Inc. (TSX VENTURE:SGX) (the "Company") is pleased to announce that it has completed a non-brokered private placement for gross proceeds of $903,003 through the sale of 454,545 flow-through units (the "FT Units") at $0.22 per FT Unit and 4,340,556 common share units (the "CS Units") at $0.185 per CS Unit. Each FT Unit is comprised of one common share of the Company ("Common Share") issued as a "flow-through share" under the Income Tax Act (Canada) and one-half of one warrant (the "FT Warrants"). Each whole FT Warrant is exercisable to purchase one non-flow-through Common Share at a price of $0.32 per share for 18 months from the closing. Each CS Unit is comprised of one Common Share and one warrant (the "CS Warrants), with each CS Warrant being exercisable to purchase one non-flow-through Common Share at a price of $0.30 for 18 months from the closing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1520152&sourceType=3 |
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