Sage Gold Closes Private Placement
Summary
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 Company intends to use the net proceeds from the Offering for mine development and general working capital purposes.The Company relies on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, on the basis that the securities of the Company are not listed for trading on an enumerated market (as set out in section 5.5(b) of MI61-101) and that neither the fair market value of the shares issued to, nor the consideration paid by Chancery Asset Management Pte.Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR.