TORONTO, ONTARIO–(Marketwired – Oct. 31, 2017) – Sage Gold Inc. (TSX VENTURE:SGX) (“Sage” or the “Corporation“) is pleased to announce that, further to its press releases dated October 20, 2017 and October 23, 2017, the Corporation has closed a second tranche (the “Second Tranche“) of its treasury offering of flow-through common share units of the Corporation (the “Units“) at the price $0.22 per Unit (the “Offering“). The Second Tranche consisted of the sale of 1,597,500 Units for gross proceeds of $351,450. Each Unit is comprised of one (1) common share of the Corporation (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 Second Tranche.
