Sage Potash Corp. press release
SAGE announces closing of $1,000,000 flow-through common share private placement for gross proceeds of $140,000
TSXV - TSX Venture Exchange · Potash · Lithium · Bromine · Boron · Canada
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.