Sage Issues Shares for Debt Settlement
13 Gennaio 2014 - 10:20PM
Marketwired
Sage Issues Shares for Debt Settlement
TORONTO, ONTARIO--(Marketwired - Jan 13, 2014) - Sage Gold Inc.
(TSX-VENTURE:SGX) ('Sage") has agreed to settle an obligation of
$18,000 owed to an arms-length consultant by issuing 360,000 common
shares based on an agreed price of $0.05 per common share.
The issuance represents a payment to one vendor pursuant to a
one-year consulting agreement. Sage may elect to settle payments in
full through the issuance of shares. The transaction is subject to
TSX-V approval.
SAGE is a mineral exploration and development company which has
primary interests in near -term production and exploration
properties in Ontario. Its main properties are the Clavos Gold mine
in Timmins and the Lynx deposit and other exploration properties in
the Beardmore -Geraldton Gold Camp. Technical reports and
information relating to the properties can be obtained from the
System for Electronic Document Analysis and Retrieval (SEDAR)
website at www.sedar.com and www.sagegoldinc.com.
This release was prepared by management of the Company and Mr.
R. Ritchie who takes full responsibility for its contents. Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
This news release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended and "Forward Looking Information"
within the meaning of applicable Canadian securities
legislation.Some forward looking statements and forward looking
information contained in this release are forward-looking and,
therefore, involve uncertainties or risks that could cause actual
results to differ materially. Such forward-looking statements
include comments regarding mining, the completion of the
transaction and milling operations, mineral resource statements and
exploration program performance. Factors that could cause actual
results to differ materially include metal price volatility,
economic and political events affecting metal supply and demand,
fluctuations in mineralization grade, geological, technical, mining
or processing problems, exploration programs and future results of
exploration programs, future profitability and production. The
Company disclaims any obligation to update forward-looking
statements.
Sage Gold Inc.Nigel LeesPresident and
C.E.O.416-204-3170416-260-2243Sage Gold Inc.Mike
O'BrienCommunications Manager/Investor
Relations416-204-3170416-260-2243www.sagegoldinc.com
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