Sage Gold Announces Private Placement of Flow-Through Units

TORONTO, ONTARIO--(Marketwired - Dec. 11, 2017) - Sage Gold Inc. ("Sage Gold" or the "Company") (TSX VENTURE:SGX) is pleased to announce that it intends to complete a treasury offering of flow-through common share units (the "Units") at the price $0.22 per Unit for the gross proceeds of up to or $500,000 on a best-efforts private placement basis (the "Offering"), subject to regulatory approval. Each Unit will consist of one common share of the Corporation (a "Common Share"), issued on a flow-through basis ("Flow-Through Share"), plus 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 Offering. The Corporation has the option of increasing the size of the Offering by up to 50%.