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TORONTO, ONTARIO--(Marketwired - Dec. 23, 2016) - Sage Gold Inc. (the "Corporation") (TSX VENTURE:SGX) is pleased to announce that, further to its press releases dated December 21st and December 6th, 2016, it has completed the closing of its Hard and Flow Through non-brokered private placements (the "Offering"). The Corporation will be issuing 9,325,755 Hard Units at a price of $0.11 per Unit for gross proceeds of $1,025,833. Each Unit will include one common share of the Corporation and 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 at an exercise price of $0.24 for a period of 24 months following the Closing Date, whereupon the Warrants will expire. The Corporation has also completed the closing of 3,056,429 Flow Through shares at $0.14 per share for a total of $427,900. |
