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| Home : Sage Gold Closes Private Placement |
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Sep 29
2011 |
Sage Gold Closes Private Placement |
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TORONTO, ONTARIO--(Marketwire - Sept. 28, 2011) - Sage Gold Inc. (TSX VENTURE:SGX) ("the Company") is pleased to announce that it has closed the first tranche of a private placement for gross proceeds of $684,600 through the sale of 5,071,107 common share units (the "CS Units") at $0.135 per unit, and gross proceeds of $309,250 through the sale of 2,061,667 flow-through units at $0.15 (the "FT Units"). Each CS Unit is comprised of one Common Share and one-half of one warrant (a "CS Warrant"). Each whole CS Warrant is exercisable to purchase one Common Share at a price of $0.185 per share for 24 months from the closing date. Each FT Unit is comprised of one common share of the Company (a "Common Share") issued as a "flow-through share" under the Income Tax Act (Canada) and one-half of one warrant (an "FT Warrant"). Each whole FT Warrant is exercisable to purchase one non-flow through Common Share at a price of $0.20 per share for 24 months from the closing date. |
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| Source:http://www.marketwire.com/mw/release.do?id=1566657&sourceType=3 |
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