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| Home : Sage Completes Third Instalment of St Andrew Option Agreement |
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Feb 24
2012 |
Sage Completes Third Instalment of St Andrew Option Agreement |
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TORONTO, ONTARIO--(Marketwire - Feb. 23, 2012) - Sage Gold Inc. (TSX VENTURE:SGX) announces that it has completed the third instalment as part of an Option Agreement between Sage Gold Inc. and St Andrew Goldfields Ltd. (TSX:SAS) dated February 8, 2010 (the 'Option Agreement') by having exceeded $1,500,000 of Exploration Expenditure requirement by having spent $3,000,000 subject to SAS verification. Sage has paid the sum of $35,000 in cash and has issued 294,118 common shares of the Company at a share price of $0.119 per share, equal to $35,000 in market value due under the Option Agreement. The shares issued have a four month hold period which expires on June 21, 2012. |
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| Source:http://www.marketwire.com/mw/release.do?id=1623858&sourceType=3 |
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