Mgmt was REALLY quick getting this PP done and officially approved (i.e. less than 1 week). Great job mgmt! I also really like that this was a non-brokered PP to 3 HIDDEN PLACEES! No problem raising money here even in this time of 'credit crisis'. Really pays to have an experienced and connected CEO at the helm. Also doesn't hurt to have a multitude of proerties that really speak for themselves as well.

Great day. Here's to many more. Congrats to longs. This is only the beginning.

red911

Sage Gold 8.03-million-FT-and-NFT-share financing

2007-09-13 16:17 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 7, 2007.

Shares: 6.25 million flow-through shares and 1,786,000 non-flow-through shares

Purchase price: 16 cents per flow-through share and 14 cents per non-flow-through share

Warrants: 4,911,000 share purchase warrants to purchase 4,911,000 shares

Warrant exercise price: 22 cents for an 18-month period (flow-thorough); and 19 cents for a one-year period and 25 cents in the second year (non-flow-through)

Hidden placees: three

Finder's fee: $60,000 in cash and 500,000 finder's warrants payable to NovaDX Ventures Corp., Vancouver, B.C. Each finder's warrant entitles the holder to acquire one unit at 16 cents for an 18-month period.

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

For further details, please refer to the company's news release dated Sept. 7, 2007.