SAGE GOLD INC. ("SGX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 13, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 25, 2016 and August 29, 2016:
Number of Shares: 6,250,000 flow-through shares
Purchase Price: $0.10 per share
Warrants: 6,250,000 share purchase warrants attached to purchase 6,250,000 shares
Warrant Exercise Price: $0.20 for a two year period
Number of Placees: 30 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
C.N. Lees Investments Limited Y 170,000
(Nigel Lees)
Gary Robertson Y 300,000
Finders' Fees: an aggregate of $20,750 plus 207,500 finders shares is payable to Haywood Securities Inc., Foster & Associates and Altus Securities.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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.
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