SAGE GOLD INC. ("SGX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 14, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 9, 2018:
Number of Shares: 21,451,769 shares
Purchase Price: $0.11 per share
Warrants: 21,451,769 share purchase warrants to purchase 21,451,769 shares
Warrant Exercise Price: $0.16 for a two year period
Number of Placees: 66 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Chancery Asset Mgmt.
Pte. Ltd. Y 325,454
(Thomas Puppendahl)
Aggregate Pro Group Involvement P 200,000
[2 Placee(s)]
Finder's Fee: An aggregate of $56,438 in cash and 320,671 finders' warrants payable to Haywood Securities Inc., Foster & Associates Financial Services Inc., Wellington-Altus Private Wealth Inc., Leede Jones Gable Inc. and Echelon Wealth Partners Inc. Each finder's warrant entitles the holder to acquire one common share at $0.16 for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued news releases announcing the closings 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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