SAGE GOLD INC. ("SGX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 31, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 17, 2015:
Number of Shares: 2,530,000 flow-through shares and
1,000,000 non flow-through shares
Purchase Price: $0.05 per flow-through share
$0.05 per non flow-through share
Warrants: 2,265,000 share purchase warrants to purchase 2,265,000 shares
Warrant Exercise Price: $0.10 for a three year period (1,000,000 warrants)
$0.10 for a four year period (1,265,000 warrants)
Number of Placees: 11 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
C. Nigel Lees Y 460,000
William Love Y 100,000
P.J. Mars Investments Ltd. (Patrick Mars) Y 100,000
Aggregate Pro Group Involvement P 1,200,000
[1 Placee]
Finder's Fee: An aggregate of $6,475 in cash and 165,500 finders' warrants payable to Canaccord Genuity Corp., Euro Pacific Canada Inc. and John Walter. Each finder's warrant entitles the holder to acquire one common share at $0.10 for a three year period (40,000 wts) or a four year period (125,500 wts).
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
For further details, please refer to the Company's news releases dated December 3 and December 30, 2015.
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