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| Home : Sage Gold Announces Closing of Flow-Through Private Placement |
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Sep 14
2016 |
Sage Gold Announces Closing of Flow-Through Private Placement |
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TORONTO, ONTARIO--(Marketwired - Sept. 13, 2016) - Sage Gold Inc. (the "Corporation") (TSX VENTURE:SGX) is pleased to announce that, further to its press release dated August 29, 2016, it has completed the closing of its non-brokered private placement (the "Offering"). The issue was oversubscribed. The Corporation will be issuing 6,250,000 Units at a price of $0.10 per Unit for gross proceeds of $625,000. Each Unit will include one common share of the Corporation issued on a flow-through basis ("Flow-Through Share") plus one half (1/2) of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles its holder to purchase one Common Share (a "Warrant Share") at an exercise price of $0.20 for a period of 24 months following the Closing Date, whereupon the Warrants will expire. |
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| Source:http://www.marketwired.com/mw/release.do?id=2157855&sourceType=3 |
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