PP officially accepted by exchenge. 176,464,983 shares now out.

red911

Sage Gold 27.6-million-share private placement

2008-11-04 16:10 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 24, 2008.

Shares: 27.6 million

Purchase price: 12.5 cents

Warrants: 13.8 million share purchase warrants to purchase 13.8 million shares

Warrant exercise price: 20 cents for a two-year period

Hidden placees: 15

Finders' fees: A total of $204,000, plus 2,176,000 warrants (each exercisable into one common share at a price of 20 cents for a two-year period) payable to Limited Market Dealer Inc., Barrington Capital Corp., Augen Capital Corp. and National Bank Financial.