Trading Symbol - TSXV:SGX/CNQ: SAGE
TORONTO, Dec. 13 /CNW/ - Sage Gold Inc. ("SAGE") is pleased to announce
that effective December 14, 2005 its common shares ("Shares") will commence
trading on the TSX Venture Exchange (the "Exchange") under the symbol SGX. The
Shares will continue to trade on the CNQ under the symbol "SAGE".
There are currently 38,467,961 issued and outstanding Shares. Pursuant to
the policies of the Exchange, an aggregate of 2,551,679 Shares held by the
directors, officers and insiders of SAGE are being held in escrow pursuant to
an escrow agreement dated December 2, 2005.
SAGE is a Tier 2 mineral exploration and development company which owns
interests or options in seven exploration properties in Ontario and Quebec and
six exploration properties in Nevada. Its main properties are the Kerrs
property (the "Kerrs Property") which is located in the northern part of the
Larder Lake Mining Division in northeastern Ontario, and the Dixie Fork,
Triple Junction, Pony Spur, Dike, Corridors and Sugarloaf properties
(collectively, the "Nevada Properties") which are situated in northeastern
Nevada, within Elko County. Technical reports relating to the Kerrs Property
and the Nevada Properties can be obtained from the System for Electronic
Document Analysis and Retrieval (SEDAR) website at www.sedar.com.
The Listing Application and additional information about SAGE can be
obtained from the System for Electronic Document Analysis and Retrieval
(SEDAR) website at www.sedar.com.
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This release was prepared by management of the Company who takes full
responsibility for its contents. The TSX Venture Exchange and the Canadian
Trading and Quotation System Inc. have not reviewed and do 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.
