Sage Gold Inc. (TSXV:SGX) announced a private placement on best-efforts basis of flow-through common shares units at a price of CAD 0.22 per unit for gross proceeds of up to CAD 1,012,000 on October 20, 2017. Each unit will consist of one flow-through common share of the corporation, plus one-half of one common share purchase warrant. Each whole warrant entitles its holder to purchase one common share at an exercise price of CAD 0.32 for a period of 24 months following the closing of the transaction. Securities issued pursuant to the transaction shall be subject to a four-month plus one day hold period commencing on the day of the closing of the transaction. The company may pay finder’s fee in cash of up to 8% and issue compensation share purchase warrants of up to 5% of the transaction. The transaction is subject to regulatory approval.