Sage Gold Announces Private Placement of Flow-Through Shares

TORONTO, ONTARIO--(Marketwired - June 13, 2017) - Sage Gold Inc. ("Sage Gold" or the "Corporation") (TSX VENTURE:SGX) is pleased to announce that it intends to complete a non-brokered private placement (the "Offering"), subject to regulatory approval. The Offering will consist of the sale of 4.2 million common shares of the Corporation, on a Flow-Through share basis ("FT shares") for gross proceeds of approximately $1.0 million. Eligible finders may receive in cash of up to 7% and compensation share purchase warrants of up to 7% of the Offering. Each share purchase warrant entitles the holder to purchase its holder to purchase one common share at an exercise price of $0.30 per share for a period of 36 months following the closing date, whereupon the warrants will expire.