Sage Gold Announces Private Placement

TORONTO, ONTARIO--(Marketwired - Jan. 9, 2018) - Sage Gold Inc. ("Sage Gold" or the "Company") (TSX VENTURE:SGX) is pleased to announce that it intends to complete a treasury offering of units of the Company (the "Units") at the price $0.11 per Unit for the gross proceeds of up to $1,000,000 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") and one (1) Common Share purchase warrant (a "Warrant"). Each Warrant entitles its holder to purchase one Common Share at an exercise price of $0.16 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 30%.