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TORONTO, ONTARIO--(Marketwired - May 11, 2016) - Sage Gold Inc. (the "Company") (TSX VENTURE:SGX) is pleased to announce that, further to its press release dated April 26, 2016, on May 10th, 2016 it completed the closing of its first tranche of its non-brokered private placement (the "Offering"). The Company issued 5,085,000 Units at a price of $0.05 per Unit for gross proceeds of $254,250. Each unit will consist of one common share of the Corporation (a "Common Share") plus one half (1/2) Common Share purchase warrant (a "Warrant"). Each full Warrant entitles its holder to purchase one Common Share (a "Warrant Share") at an exercise price of $0.10 for a period of 24 months following the Closing Date, whereupon the Warrants will expire. |
