SAGE GOLD INC. ("SGX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 27, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Purchase and Sale Agreement (the "Agreement") dated January 17, 2017, between Sage Gold Inc. (the "Company") and Jien Nunavik Mining Exploration Limited (the "Vendor"), whereby the Company as agreed to acquire a 100% undivided interest in certain patented and unpatented mineral claims and mining leases (the "Onaman Property") located in the Coughlan and Castlewood Lake areas, Thunder Bay Mining division, approximately 60km north of Jellicoe in northwestern Ontario.
Under the terms of the Agreement, the Company will issue 1,250,000 common shares, incur $300,000 of exploration expenditures over a five year period and grant a 2.0% NSR royalty to the Vendor as consideration.
For further details, please refer to the Company's news release dated January 18, 2017.
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