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Sage Gold Inc (SGX.V)

SGX.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

Sage to acquire remaining 40% interest in Clavos
Tuesday, 25 Oct 2016 10:11am EDT 

Sage Gold Inc : Sage to acquire remaining 40% interest in Clavos .Sage is required to pay Kirkland Lake Gold $1,000,000 in cash.  Full Article

Sage Gold executes binding term sheet with Cartesian Royalty for C$11.5 mln
Friday, 30 Sep 2016 10:31am EDT 

Sage Gold Inc : Executed a binding term sheet with Cartesian Royalty Holdings Pte Ltd. to provide corporation with a financing package of C$11.5 million . Says financing package comprises a C$9.65 million secured gold prepayment and a C$1.85 million equity investment . Under equity investment, CRH will invest C$1.85 million in exchange for units of corporation at a price of C$0.10 per unit .Says CRH will commit to providing corporation with C$9.65 million payable in two tranches.  Full Article

Sage Gold Inc increases non-brokered private placement from 3 mln units to 5 mln units
Monday, 29 Aug 2016 03:16pm EDT 

Sage Gold Inc: Sage Gold Inc increases flow-through private placement . Intends to increase previously announced non-brokered private placement from 3 million units to 5 million units .Intends to use net proceeds from offering to incur canadian exploration expenses (CEE) on its Onaman and Clavos projects.  Full Article

Sage Gold makes progress to restart Clavos gold mine production
Monday, 8 Aug 2016 10:30am EDT 

Sage Gold Inc: Clavos update: progress in restarting production . Proceeding with advanced negotiations for project financing of Clavos including working capital needs of company . Before production can commence existing mine workings will be dewatered and rehabilitated ."we remain very bullish on future price of gold".  Full Article

Sage Gold Inc Extends Debt Facility and Issues Private Placement
Thursday, 1 Oct 2015 01:30pm EDT 

Sage Gold Inc:Entered into amending agreement with senior lender, Waterton Global Value, L.P.pursuant to which maturity date of the Company's secured term debt facility has been extended from October 15, 2015 to April 15, 2016 with an option to further extend Facility to October 15, 2016.Company will pay an extension fee of $40,841 to Waterton on First Extension Date, unless it exercises its option to further extend the Facility, in which case Fee will be increased to $102,102, payable on the Second Extension Date.All other material terms and conditions of the Facility remain unchanged. The total amount outstanding under the Facility is about CAD$2.1 million inclusive of principal, accrued interest and fees payable to date.annual interest rate of the Facility is 12%.Subject to final approval of the TSX Venture Exchange, closing of a previously announced non-brokered private placement financing for aggregate gross proceeds of $27,000.Offering consisted of the sale of 540,000 common shares at $0.05 per common share.common shares issued pursuant to the Offering are subject to a statutory hold period expiring on February 2, 2016.Company intends to use the net proceeds from the Offering for general working capital purposes.  Full Article

Sage Gold Inc extends Clavos option
Monday, 4 May 2015 01:21pm EDT 

Sage Gold Inc:Says it has received a payment of $20,000 from Abbey Gold Corp. and has extended to May 31, the option for Abbey to acquire Sage's 60 pct interest in the Clavos project for $4.3 million, pursuant to the terms of the option agreement announced on Dec. 15, 2014.Abbey previously paid $150,000 to Sage as initial consideration for the option.  Full Article

More From Around the Web

BRIEF-SAGE GOLD INC TO CONDUCT SURFACE DRILL PROGRAM AT CLAVOS

* SAGE GOLD INC SAYS PROGRAM WILL CONSIST OF 1,500 METRES OF SURFACE DRILLING INVOLVING 7 DRILL HOLES COMMENCING NEXT WEEK Source text for Eikon: Further company coverage:

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