NSG New Sage Energy Corp.

New Sage Energy Corp. ("New Sage" or the "Company") (TSX VENTURE:NSG) announced
that it will extend the closing date of its previously announced (November 29,
2011 press release) private placement offering (the "Offering"). The Offering
comprises of up to 12,000,000 units of the Corporation ("Unit") at a price of
CDN $0.05 per Unit for gross proceeds of up to CDN $600,000. Each Unit will
consist of one common share in the capital of the Corporation ("Common Share")
and one share purchase warrant ("Warrant"), with each whole Warrant entitling
the holder thereof to purchase one Common Share at a price of CDN $0.10 per
share for a period of two (2) years from the date of closing.


In addition, the binding letter agreement (the "Letter Agreement") with Caribe
Oil & Gas Ltd. ("Caribe") to pursue petroleum and natural gas opportunities
exclusively in Argentina (announced in the news release issued on October 25,
2011) has expired. The Company is committed to pursuing natural gas and
petroleum opportunities in Argentina and is also reviewing opportunities in
other South American countries.


The Company also wishes to announce that Mr. Gregg Vernon has resigned from the
Board of Directors to focus on new ventures. The Company would like to thank Mr.
Vernon for his contributions and wish him well in his future endeavors.


About New Sage Energy Corp. 

New Sage Energy Corp. is a Canadian exploration and development company focused
on oil and gas opportunities in Latin America. Currently, the company is
building a foundation of production through joint venture opportunities with
established and experienced partners in Argentina. 


Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release may constitute forward-looking
information, (collectively "forward-looking information") within the meaning of
Canadian securities laws. Forward-looking information may relate to this news
release and other matters identified in Oremex' public filings, anticipated
events or results and can be identified by terminology such as "may", "will",
"could", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "projects", "predict", "potential", "continue" or other similar
expressions concerning matters that are not historical facts and include, but
are not limited in any manner to, those with respect to capital and operating
expenditures, economic conditions, availability of sufficient financing, receipt
of approvals, satisfaction of closing conditions and any and all other timing,
development, operational, financial, economic, legal, regulatory and/or
political factors that may influence future events or conditions. Such
forward-looking statements are based on a number of material factors and
assumptions, including, but not limited in any manner, those disclosed in any
other public filings of Oremex, and include the ultimate availability and final
receipt of required approvals, sufficient working capital for development and
operations, access to adequate services and supplies, availability of markets
for products, commodity prices, foreign currency exchange rates, interest rates,
access to capital markets and other sources of financing and associated cost of
funds, availability of a qualified work force, availability of manufacturing
equipment, no material changes to the tax and regulatory regime and the ultimate
ability execute its business plan on economically favourable terms. While we
consider these assumptions to be reasonable based on information currently
available to us, they may prove to be incorrect. Actual results may vary from
such forward-looking information for a variety of reasons, including but not
limited to risks and uncertainties disclosed in other Oremex filings at
www.sedar.com and other unforeseen events or circumstances. Other than as
required by law, Oremex does not intend, and undertakes no obligation, to update
any forward looking information to reflect, among other things, new information
or future events.

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