Sage Gold agreement for Solomon's Pillars claimsSage Gold agreement for Solomon's Pillars claims
2010-01-07 16:48 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to a purchase and sale agreement dated Sept. 10, 2009, between Sage Gold Inc. and an arm's-length party. Pursuant to the agreement, the company shall acquire a 100-per-cent interest in a 21-year lease, No. 107144, as well as four unpatented mining claims on the Solomon's Pillars property.
As consideration, the company must pay the vendor $30,000 and issue 400,000 shares. The property is subject to a 1-per-cent net smelter returns royalty.
For further information, please refer to the company's press releases dated Oct. 22, 2009.