GREY:SGGDF - Post by User
Post by
Boatboyon Apr 27, 2007 8:05pm
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Post# 12689859
Dilution
DilutionSAGE GOLD INC. ("SGX")BULLETIN TYPE: Private Placement-Non-BrokeredBULLETIN DATE: April 27, 2007TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respectto a Non-Brokered Private Placement announced April 2, 2007:
Number of Shares: 5,000,000 shares
Purchase Price: $0.10 per share
Warrants: 2,500,000 share purchase warrants to purchase 2,500,000 shares
Warrant Exercise Price: $0.15 in the first year
$0.20 in the second year
Number of Placees: 1 placee
Finder's Fee: $40,000, 300,000 common shares and 150,000 broker warrants payable to Blackmont Capital Inc. Each warrant is exercisable into one common share at a price of $0.20 for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Companyhas issued a news release announcing the closing of the privateplacement and setting out the expiry dates of the hold period(s).