The total amount outstanding under the Facility is approximately
Sage is negotiating with several parties concerning potential financing, joint venture and/or divestiture transactions for its Clavos project. In addition, the Company is reviewing its strategy with respect to the Beardmore-Geraldton Gold Camp in which the Company's Lynx property has a NI43-101 copper/gold/silver resource and a non-exclusive agreement to acquire Premier Gold's mill, mine and certain other properties.
Sage is a mineral exploration and development company which has primary interests in near-term production and exploration properties in
This release was prepared by management of the Company who takes full responsibility for its contents. Neither
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. Some forward looking statements and forward looking information contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sage Gold Inc. Nigel LeesPresident and CEO 416-204-3170 416-260-2243 (FAX) www.sagegoldinc.com Source: Sage Gold Inc.