Sage Potash Corp. press release
Sage announces non-brokered private placement
TSXV - TSX Venture Exchange · Potash · Lithium · Bromine · Boron · Canada
TORONTO, Dec. 29 /CNW/ - Sage Gold Inc. ("SAGE") is pleased to announce that it plans to raise funds through a non-brokered private placement of up to 8,000,000 flow-through shares ("Shares") at Cdn $0.10 per share and up to an additional 1,000,000 Shares at Cdn $0.14 per Share (collectively, the "Offering") for aggregate gross proceeds of up to $940,000. The Corporation may elect to pay up to a 10% finder's fee and issue finder's options ("Options") equal to 8% of the Shares sold pursuant to the Offering. Each Option will entitle the holder to purchase one common share of Sage at $0.10 per common share for a period of 24 months following the closing of the Offering. SAGE anticipates that the closing of the Offering will occur on or about December 29, 2005.
This release was prepared by management of the Company who takes full responsibility for its contents. The Canadian Trading and Quotation System Inc. has 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.