NSG New Sage Energy Corp.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

New Sage Energy Corp. (TSX VENTURE:NSG) has closed the second tranche of its
previously announced private placement through the issuance of 455,000 units
priced at $0.40 per unit for total proceeds of $182,000. Each unit consists of
one common share and one half of one common share purchase warrant. Each whole
warrant will entitle the holder to acquire one additional common share at a
price of $0.50 until August 28, 2007. Each of the common shares and warrants are
subject to a hold period that will expire on December 30, 2007. The proceeds of
the offering will be used for identifying, acquiring and developing new oil and
gas properties and for general working capital purposes. In addition, the
Company plans on completing a third and final tranche over the next few weeks.
The remaining portion consists of the offering of units priced at $0.40, with
each unit comprised of one common share and one-half of one common share
purchase warrant. Each whole warrant will entitle the holder to acquire one
common share at $0.50 for a period of two years from closing.


The Company is pleased to announce the appointment of Michael Farrant as Chief
Financial Officer. Mr. Farrant has more than a decade of financial management
experience in the resource sector. He currently serves as the CFO of Castle Gold
Corporation and as the CFO of Explorator Resources Inc. His other mining
experience includes Vice President and Treasurer of Kinross Gold Corporation,
Corporate Controller of Barrick Gold Corporation and consultant to Centerra Gold
Inc.


In addition, the Company has entered into discussions with a private Canadian
oil and gas company focused on exploiting oil and gas business opportunities in
South America. Further details of the joint venture will be announced when they
are finalized.


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.

Grafico Azioni New Sage Energy Corp. (TSXV:NSG)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni New Sage Energy Corp. (TSXV:NSG)
Storico
Da Mag 2023 a Mag 2024