Sage Potash Corp. press release
SAGE announces grant of options
TSXV - TSX Venture Exchange · Potash · Lithium · Bromine · Boron · Canada
Trading Symbol - TSXV: SGX
TORONTO, May 29 /CNW/ - Sage Gold Inc. ("SAGE") announces that, pursuant to its 2006 Incentive Stock Option Plan, it has granted 2,315,000 options ("Options") to acquire 2,315,000 common shares ("Shares") of SAGE at an exercise price of $0.14 per Share to members of management, the board of directors, its employees and consultants of SAGE. The Options will be exercisable for a period of five years from the date of grant. There are currently 69,709,871 common shares of SAGE issued and outstanding.
SAGE is a mineral exploration and development company which has interests in exploration properties in Ontario and Quebec, Nevada and Arizona. Its main properties are the Kerrs , Onaman, Jacobus, and Lincoln properties in Ontario, the Dixie Fork, Triple Junction, Pony Spur, Dike, Corridors and Sugarloaf properties situated in Nevada, and the Big Bend gold property, located in Arizona. Technical reports relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.
This release was prepared by management of the Company who takes full responsibility for its contents. The TSX Venture Exchange 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.