Sage Gold Inc. Amends Terms of Hard Dollar Private Placement
– Momentum Public Relations –
Press Release: December 21, 2016
Sage Gold Inc. (the “Corporation”) (TSX VENTURE:SGX) announces that it has amended the terms of the Hard Dollar unit as previously announced on December 6th, 2016. The Hard Dollar unit will be priced at $0.11 per Unit versus the previous price of $0.12 per unit. The terms of the half warrant associated with the Hard Dollar unit and the flow through shares remain unchanged. Refer to the press release of December 6th.
Securities issued pursuant to the Offering shall be subject to a four-month hold period commencing on the Closing Date under applicable Canadian securities laws. The Corporation intends to use the net proceeds from the flow through share Offering to incur Canadian Exploration Expenses (CEE) on its eligible projects and the proceeds of the Hard Dollar Units for general working capital purposes.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the 100% Clavos Gold property in Timmins and the 100% owned Onaman property including the Lynx copper, gold, silver property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.