Red911; PP documentation accepted by TSX.V
Sage Gold 10.96-million-FT-share financing
2007-11-27 16:52 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 30, 2007.
Shares: 10.96 million flow-through shares
Purchase price: 50 cents
Warrants: 5.48 million share purchase warrants to purchase 5.48 million shares
Warrant exercise price: 75 cents for two-year period
Hidden placees: 49
Insider: Northstar Drilling Ltd. (Nicola Lambert) 100,000
Pro groups: Dixi Robertson 40,000; Darren Slack 30,000; Elizabeth Leonard 20,000; Edena Soper 20,000
Finders' fees: A total of $311,400 in cash and 830,400 finders' warrants payable to Limited Market Dealer Inc., Raymond James Ltd., MGI Securities Inc., Canaccord Capital Corp., Altus Securities Inc., Fraser Mackenzie Ltd., Research Capital Corp., MAK, Allen & Day Capital Partners Inc., Kingsdale Capital Markets Inc., Thomas L. Toth, David Horlington, NovaDX Ventures Corp., Octagon Capital Corp., TD Waterhouse and Foster & Associates Financial Services Inc. Each finder's warrant entitles the holder to acquire one unit at 75 cents for a two-year period.
For further details, please refer to the company's news release dated Nov. 16, 2007.