Business
Sage announces non-brokered private placement
Sage announces non-brokered private placement.
About this update from Sage Potash Corp.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Dec. 29 /CNW/ - Sage Gold Inc. (\"SAGE\") is pleased to announce\nthat it plans to raise funds through a non-brokered private placement of up to\n8,000,000 flow-through shares (\"Shares\") at Cdn $0.10 per share and up to an\nadditional 1,000,000 Shares at Cdn $0.14 per Share (collectively, the\n\"Offering\") for aggregate gross proceeds of up to $940,000. The Corporation\nmay elect to pay up to a 10% finder's fee and issue finder's options\n(\"Options\") equal to 8% of the Shares sold pursuant to the Offering. Each\nOption will entitle the holder to purchase one common share of Sage at $0.10\nper common share for a period of 24 months following the closing of the\nOffering. SAGE anticipates that the closing of the Offering will occur on or\nabout December 29, 2005.\n\nThis release was prepared by management of the Company who takes full\nresponsibility for its contents. The Canadian Trading and Quotation System\nInc. has not reviewed and does not accept responsibility for the adequacy or\naccuracy 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":1851,"tagName":"div"}]