Trading Symbol - TSXV: SGX/CNQ: SAGE
TORONTO, Jan. 4 /CNW/ - Sage Gold Inc. ("SAGE") is pleased to announce
that on December 30, 2005, it closed a non-brokered private placement of
1,000,000 flow-through common shares ("Shares") at Cdn $0.14 per Share for
gross proceeds of $140,000 (the "Offering"). The proceeds from the Offering
will be used by SAGE for exploration on its properties in Quebec. There were
no finder's fees paid or compensation options granted in relation to the
Offering.
There are currently 47,372,961 common shares of SAGE issued and
outstanding.
This release was prepared by management of the Company who takes full
responsibility for its contents. The TSX Venture Exchange and Canadian Trading
and Quotation System Inc. have not reviewed and does not accept responsibility
for the adequacy or accuracy of this news release.
Some statements contained in this release are forward-looking and,
therefore, involve uncertainties or risks that could cause actual results to
differ materially. Such forward-looking statements include comments regarding
mining and milling operations, mineral resource statements and exploration
program performance. Factors that could cause actual results to differ
materially include metal price volatility, economic and political events
affecting metal supply and demand, fluctuations in mineralization grade,
geological, technical, mining or processing problems, exploration programs and
future results of exploration programs, future profitability and production.
The Company disclaims any obligation to update forward-looking statements.
