Sage Gold announces $1M FT private placement




News Release

Date: October 20, 2017 Trading Symbol: TSX.V-SGX
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SAGE GOLD ANNOUNCES PRIVATE PLACEMENT OF FLOW-THROUGH UNITS
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Sage Gold Inc. (TSX.V-SGX) (“Sage” or the “Corporation”) is pleased to announce that it intends to complete a treasury offering of flow-through common share units (the “Units”) at the price $0.22 per Unit for the gross proceeds of up to or $1,012,000 on a best-efforts private placement basis (the “Offering”), subject to regulatory approval. Each Unit will consist of one common share of the Corporation (a “Common Share”), issued on a flow-through basis (“Flow-Through Share”), plus one-half (½) of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles its holder to purchase one Common Share at an exercise price of $0.32 for a period of 24 months following the closing of the Offering.

Securities issued pursuant to the Offering shall be subject to a four-month plus one day hold period commencing on the day of the closing of the Offering under applicable Canadian securities laws. Eligible finders may receive in cash of up to 8% and compensation share purchase warrants (“Finder Warrants”) of up to 5% of the Offering. The Corporation intends to use the net proceeds from the Offering to incur Canadian Exploration Expenses (CEE) on its properties.

About Sage Gold

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 Clavos Gold property, 100% owned, in Timmins and the 100% owned Onaman 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.

Contact Information:

Nigel Lees, President and CEO
416-204-3170
nlees@sagegoldinc.com
www.sagegoldinc.com

CAUTIONARY STATEMENT:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.