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| Home : Sage Gold Inc. Announces First Closing of $250,000 Private Placement |
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Jul 12
2014 |
Sage Gold Inc. Announces First Closing of $250,000 Private Placement |
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TORONTO, ONTARIO--(Marketwired - July 11, 2014) - Sage Gold Inc. ("Sage" or the "Company") (TSX VENTURE:SGX) is pleased to announce that it has completed tranche one of the $250,000 private placement financing (the "Offering") previously announced on June 11, 2014. The Offering consisted of the sale of 3,750,000 special warrants (each, a "Special Warrant") at $0.02 per Special Warrant (the "Issue Price"). Each Special Warrant shall be exercisable into one unit of the Company ("Units"), with each Unit being comprised of one common share (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant shall be exercisable into one Common Share a price of $0.03 per Common Share, or such other price as is acceptable to applicable regulators after adjustment pursuant to a Consolidation (as defined below), for a period of 24 months from the closing of the Offering. To date, Sage has raised $75,000. |
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| Source:http://www.marketwired.com/mw/release.do?id=1929107&sourceType=3 |
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