SAGE GOLD INC. ("SGX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 12, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 21, 2016:
Number of Shares: 3,056,429 flow through shares
9,325,755 non flow through shares
Purchase Price: $0.14 per flow through share
$0.11 per non flow through share
Warrants: 4,788,173 share purchase warrants to purchase 4,788,173 shares
Warrant Exercise Price: $0.24 for a two year period
Number of Placees: 37 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
C. Nigel Lees Y 214,286
Finder's Fee: an aggregate of $78,458, plus 250,590 compensation units for no additional consideration, (each consisting of one share and one-half of one warrant, with each full warrant exercisable at the same terms as the warrants above) , payable to Altus Securities Inc., Foster & Associates, Leede Jones Gable Inc., Industrial Alliance Securities Inc. andEchelon Wealth Partners
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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