Sage Gold Inc. (TSXV:SGX) announced a treasury transaction of 2,500,000 units on best efforts basis at a price of CAD 0.055 per unit for gross proceeds of CAD 137,500 from one placee on May 28, 2018. Each unit will consist of one common share and one share purchase warrant. Each warrant authorizes the investor to purchase one share at an exercise price of CAD 0.075 per share for a period of 24 months following the date of closing of the transaction. The transaction is subject to regulatory approval. The company has the option to increase the size of the offering by up to 30%. The securities issued are subject to a four month plus one day hold period starting on the day of closing of the transaction. The company paid finder's fee of CAD 11,000 and issued 200,000 finder's warrants to Integral Wealth Securities Limited. The finder's warrants have same terms as warrants. The Offering is subject to final acceptance of the TSX Venture Exchange. The company aimed at raising gross proceeds of up to CAD 500,000 in the transaction.