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NEWS RELEASE SAGE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT Sage Gold Inc. (TSX-V: SGX) (the “Company”) announces the closing of the first tranche of a Cdn $1,500,000 non-brokered private placement for gross proceeds of $713,587 through the sale of 1,147,826 Flow-Through Units (the “FT Units”) at $0.075 per FT Unit and 10,458,333 Common Share Units (“the Units”) at $0.06 per Common Share Unit. The Company has received conditional approval from the TSX Venture Exchange for this issuance and all securities are subject to a four (4) month hold period which expires on March 20, 2013. Each Flow-Through Unit will consist of one (1) flow through common share of the Company and one half (½) of one common share purchase warrant (the “Warrant”). Each full Warrant entitles its holder to purchase one common share at a price of $0.12 for a period of twenty four (24) months following the Closing Date. In connection with the Flow-Through Private Placement, the Company will pay finder's fees of approximately $1,200 and issue 16,000 compensation options. Each Common Share Unit will consist of one (1) common share of the Company and one half (½) of one common share purchase warrant (the “Warrant”). Each full Warrant entitles its holder to purchase one common share at a price of $0.10 for a period of twenty four (24) months following the Closing Date. The TSX Venture Exchange has also accepted for filing the Company’s proposal to issue 333,442 common shares of the Company at $0.065 as settlement of debt of $21,674 due to various trade creditors. The shares issued have a four (4) month hold period which expires on March 20, 2013. Shares Outstanding: 83,359,000 |
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| aus der Diskussion: | Das Miner ÜBEL-Wann hört die massenhafte Verwässung auf!!!!??? |
| Autor (Datum des Eintrages): | dosto (21.11.12 17:27:59) |
| Beitrag: | 32 von 206 (ID:43848147) |
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