Dear Keaster,
Thank you for your inquiry. On March 13, 2007 Sage Gold announced that it entered into an option agreement to earn 50% undivided interest in the mineral rights of the Gold Hill Property. Sage will have an option to earn a 50% undivided interest in the mineral rights and be the operator of the Gold Hill property by fulfilling the following;
1) On the closing date issuing 500,000 common shares
2) Expending U.S.$250,000 in exploration within 12 months.
3) Issuing U.S.$50,000 worth of common shares to the vendor at the first anniversary.
The vendor will complete a U.S. $ 250,000 private placement financing with Sage Gold Inc. and receive approximately 2,500,000 common shares and will retain a 2.5% NSR on the property. For full details of the release please visit link: http://www.agoracom.com/ir/sagegold/message/533064
Regards,
AGORACOM Investor Relations