Sage Gold Closes Third Tranche of Private Placement

TORONTO, ONTARIO--(Marketwired - Nov. 14, 2017) - Sage Gold Inc. ("Sage Gold" or the "Company") (TSX VENTURE:SGX) is pleased to announce that further to its news releases dated October 20, 2017, October 23, 2017 and October 31, 2017, the Company has closed the third tranche (the "Third Tranche") of its treasury offering of flow-through common share units of the Company (the "Units") at the price $0.22 per Unit (the "Offering"). The Third Tranche consisted of the sale of 802,300 Units for gross proceeds of $176,506. Each Unit is comprised of one (1) common share of the Company (a "Common Share"), issued on a flow-through basis ("Flow-Through Share"), and one-half (1/2) of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles its holder to purchase one Common Share at an exercise price of $0.32 for a period of 24 months following the closing of the Third Tranche.