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TORONTO, ONTARIO--(Marketwire - Nov. 21, 2012) - Sage Gold Inc. (TSX VENTURE:SGX) (the "Company") announces the closing of the first tranche of a Cdn $1,500,000 non-brokered private placement for gross proceeds of $713,587 through the sale of 1,147,826 Flow-Through Units (the "FT Units") at $0.075 per FT Unit and 10,458,333 Common Share Units ("the Units") at $0.06 per Common Share Unit. The Company has received conditional approval from the TSX Venture Exchange for this issuance and all securities are subject to a four (4) month hold period which expires on March 20, 2013. |
