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TORONTO, ONTARIO--(Marketwire - Nov. 11, 2011) - Sage Gold Inc. (TSX VENTURE:SGX) (the "Company") announces that it has increased the size of its previously announced private placement from up to 5,000,000 flow-through units (the "FT Units") at $0.15 per unit for gross proceeds of up to $750,000 (subject to an over-allotment option that would allow the issuer to sell additional CS Units for gross proceeds of up to one-third of the gross proceeds of the original offering) to up to 8,333,333 FT Units for gross proceeds of up to $1,250,000 (subject to an over-allotment option that would allow the issuer to sell additional FT Units for gross proceeds of up to one-third of the gross proceeds of the offering). |
