Sage Gold closes $242K first tranche of private placement

News Release


Toronto, Ontario, December 13, 2017 – Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V: SGX) is pleased to announce that further to its press release dated December 11, 2017 it has completed the first tranche of a treasury offering of flow-through common share units of the Corporation (the “Units”) at the price $0.22 per Unit. (the “Offering”). The Offering consisted of the sale of 1,100,000 Units for gross proceeds of $242,000.00. Each Unit is comprised of one (1) common share of the Corporation (a “Common Share”), issued on a flow-through basis, and 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 and one day hold period commencing on the day of the closing of the Offering under applicable Canadian securities laws. The Offering is subject to final acceptance of the TSX Venture Exchange. Following the completion of the first tranche of the Offering, 85,902,157 Common Shares will be issued and outstanding. The Corporation intends to use the net proceeds from the Offering to incur Canadian Exploration Expenses (CEE) on its properties.

About Sage Gold

Shares Outstanding 85,902,157

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 and from the Company’s website at

Contact Information:
Nigel Lees, President and CEO