On June 23, 2017, Sage Gold Inc. (TSXV:SGX) closed the transaction. The company has issued 8,075,897 flow-through common shares for gross proceeds of CAD 1,938,215. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction involved participation from 37 placees including, professional group of 8 placees subscribed for 3,805,166 flow-through common shares. The company as paid the finder’s fee of CAD 90,944 and 378,934 compensation warrants were issued to certain eligible finders includes, Foster & Associates Financial Services Inc., Leede Jones Gable Inc., Integral Wealth Securities Limited, Echelon Wealth Partners Inc., Wellington-Altus Private Wealth Inc., Industrial Alliance Insurance and Financial Services Inc. and Qwest Investment Fund Management Ltd. Each finder's warrant entitles the holder to acquire one common share at CAD 0.30 for a three year period.