Business
Sage announces closing of $790,500 flow-through common share private placement for gross proceeds of $790,500
Sage announces closing of $790,500 flow-through common share private placement for gross proceeds of $790,500.
About this update from Sage Potash Corp.
[{"type":"text","content":"\n\n\n\n\nTrading Symbol - TSXV: SGX/CNQ: SAGE\n\nTORONTO, Jan. 4 /CNW/ - Sage Gold Inc. (\"SAGE\") is pleased to announce\nthat on December 29, 2005 it closed a non-brokered private placement of\n7,905,000 flow-through common shares (\"Shares\") at Cdn $0.10 per Share for\ngross proceeds of $790,500 (the \"Offering\"). SAGE also agreed to pay $52,000\nin finder's fees and granted to certain finders compensation options\n(\"Options\") to acquire 516,000 common shares of SAGE (\"Common Shares\") with\neach Option entitling the holder to purchase one Common Share at $0.10 per\nCommon Share up to December 29, 2007. The proceeds from the Offering will be\nused by SAGE for exploration on its properties in Ontario and Quebec.\nFollowing the issuance of the Shares pursuant to the Offering, there were\n46,372,961 Common Shares issued and outstanding.\n\nThis release was prepared by management of the Company who takes full\nresponsibility for its contents. The TSX Venture Exchange and Canadian Trading\nand Quotation System Inc. have not reviewed and do not accept responsibility\nfor the adequacy or accuracy of this news release.\n\nSome statements contained in this release are forward-looking and,\ntherefore, involve uncertainties or risks that could cause actual results to\ndiffer materially. Such forward-looking statements include comments regarding\nmining and milling operations, mineral resource statements and exploration\nprogram performance. Factors that could cause actual results to differ\nmaterially include metal price volatility, economic and political events\naffecting metal supply and demand, fluctuations in mineralization grade,\ngeological, technical, mining or processing problems, exploration programs and\nfuture results of exploration programs, future profitability and production.\nThe Company disclaims any obligation to update forward-looking statements.\n\n\n","length":1930,"tagName":"div"}]