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Sage Gold Inc SGGDF

Sage Gold Inc engages in the exploration and development of mineral resource properties. It explores for gold, poly-metallic, nickel, and copper. Its primary properties include the Onaman property comprising the Lynx project and the Headway project in the Beardmore/Geraldton Gold Camp; and the Clavos gold project in Timmins.


GREY:SGGDF - Post by User

Post by snowtigerrron Oct 31, 2017 7:17pm
112 Views
Post# 26884986

PP closed

PP closed$1mm raised @ $0.22 with warrant ex @ $0.32 which is quite a considerable premium on the share price especially since most placements are done at a discount. This is shareholder friendly and the proceeds are being deployed for further exploration on newly defined gold targets in and around the Clavos. The underground drills have been turning for a month near the high grade Kinross zones. Now that both tranches have closed I'm expecting drill news to ramp at any moment and build momentum over the next several months as these new targets underground and in close proximity to the mine are hit.
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