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| Home : Sage Gold Inc. Updates Private Placement |
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May 27
2016 |
Sage Gold Inc. Updates Private Placement |
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TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Sage Gold Inc. (the "Company") (TSX VENTURE:SGX) is pleased to announce that, further to its press release dated May 11, 2016, it plans to close the second and final tranche of its non-brokered private placement (the "Offering"). The Company will be issuing up to 5,000,000 Units at a price of $0.05 per Unit for gross proceeds of up to $250,000. 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. The Offering remains subject to final TSX Venture Exchange approval. |
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| Source:http://www.marketwired.com/mw/release.do?id=2128968&sourceType=3 |
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