News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sage Gold Inc. (SGGDF) N/R -
http://ih.advfn.com/p.php?pid=nmona&article=53798773
N/R as a news for SAS -
http://investorshub.advfn.com/ST-ANDREW-GOLDFIELDS-TSE-SAS-7027/
Sage Executes Joint Venture to Earn 60% Interest in Clavos; Closes Preproduction Financing
Date : 08/13/2012 @ 7:26AM
Source : MarketWire Canada
Stock : ST. Andrew Goldfields Ltd. (SAS)
Quote : 0.425 0.015 (3.66%) @ 1:21PM
Sage Executes Joint Venture to Earn 60% Interest in Clavos; Closes Preproduction Financing
Print
Alert
Sage Gold Inc. (TSX VENTURE:SGX) ("Sage" or the "Company") announces it has
executed a Joint Venture agreement with St Andrew Goldfields Ltd.
(TSX:SAS)(OTCQX:STADF)("SAS"), to earn a 60% interest on the Clavos gold project
in Timmins, Ontario and has closed a $1.5 million pre-production financing debt
facility ("Debt Financing") with Waterton Global Value, L.P. ("Waterton").
This Debt Financing replaces the previously announced non-binding convertible
debt financing (see press release of May 16, 2012) and provides for the issuance
of 6.0 million bonus common shares to Waterton. The interest rate is 9.5% per
annum, and the term of the loan is for one year. There is a 2% structuring fee
payable to Waterton in cash. Sage has received $1 million from this financing
and the balance of $500,000 will be advanced to Sage upon completion of a new
resource study and acceptable scoping study.
Sage completed the terms of its Option Agreement with SAS dated February 8, 2010
by refunding SAS $300,718 for the Reclamation and Closure bond cost plus accrued
interest together with $40,000 in cash and 800,000 Sage Gold common shares. The
balance of the proceeds of the financing will be used for preproduction expenses
and working capital to advance the Clavos gold project in Timmins, Ontario
including the following:
-- a new National Instrument 43-101 resource study ("NI43-101")
-- a Preliminary Economic Assessment
-- a new or updated Closure Plan
-- working capital
The Debt Financing is secured by Sage's 60% interest in the Clavos gold project,
and all of the Company's other assets. Waterton has been granted a right of
first refusal on production financing for Sage's 60% interest in the Clavos gold
project and a Gold Supply Agreement ("GSA") pursuant to which Waterton has the
option to purchase Sage's share of gold production from the Clavos gold project
at a zero discount to prevailing market prices, up to 120,000 ounces, or for the
first five years of production, whichever is greater.
Nigel Lees, President and CEO of Sage comments, "We are very pleased to have
concluded this first tranche with Waterton for the pre-production costs on the
Clavos gold project, especially in a difficult financing environment. We look
forward to a mutually beneficial relationship as we work together with Waterton
on the future production financing."
Cheryl Brandon, Portfolio Manager at Waterton, stated, "Waterton is pleased to
partner with Sage Gold and looks forward to working with the management team to
further develop the Clavos gold project. Sage Gold is positioned to benefit from
the strengthening precious metals market given the near term production profile
of the Clavos gold project and their partnership with a mid-tier gold producer
in the region. We look forward to leveraging our technical and financial
expertise in the gold mining sector to assist with the build-out of the mine
plan and establishing a long term relationship with Sage Gold."
An updated NI43-101 resource study is underway for the Clavos gold deposit and
will include historical surface and underground drilling as well as Sage's
drilling results.
Sage is a mineral exploration and development company which has primary
interests in near-term production and exploration properties in Ontario. Its
main properties are the Clavos Gold deposit in Timmins and the Lynx deposit and
other exploration properties in the Beardmore-Geraldton Gold Camp. Technical
reports and information relating to the properties can be obtained from the
System for Electronic Document Analysis and Retrieval (SEDAR) website at
www.sedar.com and www.sagegoldinc.com.
This release was prepared by management of the Company who takes full
responsibility for its contents.
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. The
Company disclaims any obligation to update forward-looking statements.
ST Andrew Goldfields (TSE:SAS)
Historical Stock Chart
1 Year : From Aug 2011 to Aug 2012
ST Andrew Goldfields (TSE:SAS)
Intraday Stock Chart
Today : Friday 31 August 2012
Its soon 3mon ago we got SAGE N/R -
Sage Secures Preproduction Financing for Clavos
05.16.2012
TORONTO, ONTARIO--(Marketwire - May 16, 2012) -
http://tmx.quotemedia.com/article.php?newsid=51311872&qm_symbol=SGX
Sage Gold Inc.
(TSX VENTURE:SGX) has executed a non-binding Term Sheet
with Waterton Global Value, L.P. ("Waterton") for a
$1.0 million principal amount convertible debt financing and
has also completed the first tranche of a private placement
for gross proceeds of $403,500 through the sale of
flow-through share units (the "FT Units") and
common share units ( "Units").
The proceeds of the convertible debt and equity financing
will be used for preproduction expenses to advance
the Clavos gold deposit in Timmins, Ontario including
the following:
- the completion of the earn in of the 60% interest
- a new National Instrument No. 43-101 compliant Resource Study
- a Preliminary Economic Assessment
- a new Closure Plan
- working capital
The proposed convertible financing has a term of two years, will accrue interest at an annual rate of 9.5% and is convertible at the holder's option into common shares of Sage at a price of $0.072 per share. The debt will be secured by Sage's 60% interest in the Clavos deposit, and all of the Company's other assets. In connection with the debt, Waterton has been granted a right of first refusal on production financing for Sage's 60% interest in the Clavos project and a gold supply agreement pursuant to which Waterton will purchase Sage's share of gold production from the Clavos deposit at a zero discount to prevailing market prices. The proposed debt is subject to a number of conditions, including the execution of definitive agreements.
Nigel Lees, President and CEO of Sage comments, "We are very pleased to have concluded a Term Sheet with Waterton for the pre-production costs on the Clavos project, especially in a difficult financing environment. We look forward to a mutually beneficial relationship as we work together with Waterton on the future production financing".
Cheryl Brandon, Portfolio Manager at Waterton, stated, " Waterton is pleased to be able to partner with Sage and looks forward to a strong relationship with the management team and advancing the permitted Clavos Gold deposit into production".
Each FT Unit issued pursuant to the FT Unit financing is comprised of one common share of the Company issued as a "flow-through share" under the Income Tax Act (Canada) and one-half of one warrant issued at $0.075 per unit. Each whole warrant is exercisable to purchase one non-flow through common share at a price of $0.10 per share for 18 months from the closing date. Pursuant to this financing Sage issued 900,000 common shares and 450,000 warrants.
Each Unit issued pursuant to the Unit financing consists of one common share of the Company and one half of one common share purchase warrant issued at $0.06 per unit. Each full warrant entitles its holder to purchase one common share at a price of $0.10 for a period of eighteen months following closing. Pursuant to this financing Sage issued 5,600,000 shares and 2,800,000 warrants.
The Finder's Fees paid in respect of the private placement of FT Units and Units comprised of $19,000 in cash (equal to 8% of the gross proceeds from the sale of FT Units and Units which were placed by finders), plus 306,667 Finder's Options, equal to 8% of the number of FT Units and Units which were placed by finders. A total of 40,000 FT Finder's Options are exercisable for units at $0.075 per FT Unit and a total of 266,667 Unit Finder's Options are exercisable for units at $0.06 per unit for a period of 18 months from the closing date. Each unit is comprised of one non flow-through common share and one-half of one warrant, with each whole warrant having the same terms as the original flow through and non-flow through warrants.
The securities issued under the private placement are subject to a four month hold period which expires on September 15, 2012.
The private placement and the convertible debt financing are subject to the final approval of the TSX Venture Exchange (the "Exchange"). The Company has received conditional approval of the private placement from the Exchange.
Sage is in the final stage of completing a 60% earn in interest in the Clavos property and has completed the $3 million dollar expenditure requirement and is required to pay $40,000 in cash and issue $40,000 worth of common shares and replace the $250,000 closure bond to complete the earn in. St Andrew Goldfields (TSX:SAS) and Sage have been working towards completing a joint venture agreement which will govern the operating and financial relationship between the parties after the earn in. Upon completion of the joint venture agreement, Sage will become the operator of the Clavos project.
An updated NI43-101 compliant Resource Study is near completion for the Clavos deposit and will include historical surface and underground drilling as well as Sage's drilling results.
Sage is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold deposit in Timmins and the Lynx deposit and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and
http://www.sagegoldinc.com 
This release was prepared by management of the Company who takes full responsibility for its contents.
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. The Company disclaims any obligation to update forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://tmx.quotemedia.com/article.php?newsid=51311872&qm_symbol=SGX
Investor relation information.
Sage Gold Inc.
365 Bay Street
Suite 500
Toronto, Ontario
Canada M5H 2V1
Tel.: 416 204-3170
Fax: 416 260-2243
info@sagegoldinc.com
For Technical / Geological info:
Bill Love
Tel.: (416) 204-3170 Ext. 224
wlove@sagegoldinc.com
Investor Relations:
Mike O'Brien
Tel.: (416) 204-3170 Ext. 238
mike.obrien@sagegoldinc.com
me too, its very interesting when they finding high
grade on shallow levels it often super rich deeper down
http://www.sagegoldinc.com/operations/timmins-clavos/default.aspx
bigone that's right; Nice Gold neighborhood - with a lot
of gold production and exploration projects -
ex....
SAS provides update on Taylor Project with dewatering and ramp rehabilitation in progress
TORONTO, Aug. 8, 2012 /CNW/ -
St Andrew Goldfields Ltd.
(TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to
provide an update on the activities at
the Taylor Project located on the western portion of
the Company's land package in the Timmins mining district,
north-eastern Ontario, Canada.
Dewatering of the existing ramp access commenced in late April
and as of the end of June, the portal was open.
SAS has awarded the contract to rehabilitate the underground
workings for mine exploration and development and the
contractor mobilized in late June in preparation for
ramp rehabilitation and underground development.
Once rehabilitation is complete and services are re-established
to the ramp face, lateral development will commence to access
the first ore lens in the West Porphry Zone.
Test mining of this area will begin in the fourth quarter, and
a bulk sample will be sent to the company's
Holt Mill for processing towards the end of 2012.
"The dewatering process is progressing well," said Jacques
Perron, President and CEO of SAS.
"Surface facilities such as the mine dry and administration
offices have been upgraded and are fully operational, and
underground rehabilitation has commenced.
We are on track to reach the first stope during the third
quarter and subsequently extract the first bulk sample at
the top of the West Porhyry Zone."
The Company recently completed five surface drill holes totaling
700 metres to test the area surrounding the first bulk sample.
This drilling program has provided additional information which
will be used to plan the stoping activities for the bulk sample
program later this year.
The results of the infill drilling program indicated the
potential to increase the size of the bulk sample and provided
additional validation for advancing the underground exploration
program at the Taylor Project.
Results from these five holes are summarized in the table below.
http://www.sasgoldmines.com/s/NewsReleases.asp?ReportID=540910&_Type=News-Releases&_Title=SAS-Provides-Update-on-Taylor-Project-with-Dewatering-and-Ramp-Rehabilitati...
http://www.sasgoldmines.com
http://tmx.quotemedia.com/article.php?newsid=53369878&qm_symbol=SAS
http://www.franco-nevada.com/royalties/gold/operating/hislop-ontario
Dome gold mine begins production and continues today
18.5Moz Au @6.23g/t
Hollinger-McIntyre comes into production until 1989
32.1Moz Au @9.76g/t
below Hudson Bay is the Golden Horse Shoe -
it made Canada Rich -
its the Richest Gold area in the world -
only Witwatersrand Gold Rush SA produced more gold -
by low labour cost -
well, Sage Gold its into the Golden Horse Shoe area
great location to Gold Mining -
its the right place @ the right time
@ the right price
http://www.sagegoldinc.com/Theme/SageGold/files/doc_presentations/Sage_February_2012_PPT.pdf
God Bless
bigone welcome to Sage Gold Inc. (SGGDF)
let's hope -
history repeat itself -
they haven't lost any properties since
the price was $6.-/sh but added excellent
gold mine
Sage Gold (GM) (SGGDF) fiat$0.057
? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
- - - - -
SGGDF Detailed Quote Wiki
welcome
Took a starter here today... just too cheap. Easy 2X from here... maybe much, much more:
http://www.sagegoldinc.com/Investors/Presentations/default.aspx
Usually Juniors close to production can support a
$50MM Mkt Cap... that's a 10X from here.
Sage Completes Third Instalment of St Andrew Option Agreement
02.23.2012
TORONTO, ONTARIO--(Marketwire - Feb. 23, 2012) -
Sage Gold Inc.
(TSX VENTURE:SGX) announces that it has completed the third
instalment as part of an Option Agreement between
Sage Gold Inc. and St Andrew Goldfields Ltd. (TSX:SAS)
dated February 8, 2010 (the 'Option Agreement') by having
exceeded $1,500,000 of Exploration Expenditure requirement
by having spent $3,000,000 subject to SAS verification.
Sage has paid the sum of $35,000 in cash and has issued
294,118 common shares of the Company at a share price of
$0.119 per share, equal to $35,000 in market value due
under the Option Agreement.
The shares issued have a four month hold period which
expires on June 21, 2012.
Sage has the right to earn a 60% interest in
the Clavos Mine
under a four instalment property acquisition pursuant to
the Option Agreement.
Sage can complete the earn in of its 60% interest by paying
the additional sum of $40,000 in cash and by issuing common
shares with a market value of $40,000 at the time of issuance
(and subject to TSX Venture Exchange approval) on or before
the third anniversary (February 2013) of the Option Agreement.
In addition to the expenditure requirements and the cash and
share payments, Sage is required to replace the
$250,000 closure bond on the property.
The Company also confirms that on January 9, 2012, the Board
of Directors of Sage granted to directors, officers,
employees and consultants 3,094,000 options to purchase
common shares of the Company at an exercise price of
$0.15 for a term of five (5) years from date of grant
vesting 1/3 on the date of grant, 1/3 on the first anniversary
date thereof and 1/3 on the second anniversary date thereof as
previously announced in a press release dated January 3, 2012.
SAGE is a mineral exploration and development company which
has primary interests in near-term production and exploration
properties in Ontario.
Its main properties are the Clavos Gold deposit in Timmins and
the Lynx deposit and other exploration properties in the
Beardmore-Geraldton Gold Camp.
Technical reports and information relating to the properties
can be obtained from the System for Electronic Document
Analysis and Retrieval (SEDAR) website at www.sedar.com and
http://www.sagegoldinc.com
This release was prepared by management of the Company who
takes full responsibility for its contents.
This news release contains certain "Forward-Looking Statements"
within the ---- future results of exploration programs, future
profitability and production. The Company disclaims any
obligation to update forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sage Gold Inc.
Nigel Lees
President and C.E.O.
416-204-3170
Fax: 416-260-2243(FAX)
Sage Gold Inc.
Mike O'Brien
Manager/Investor Relations
416-204-3170
Fax: 416-260-2243(FAX)
http://www.sagegoldinc.com
Source: Sage Gold Inc.
Clavos Gold Mine,
Timmins 3D Drill Tour -
http://www.sagegoldinc.com
Note.
the main trading board for 'Sage Gold Inc. is SGX @ Toronto -
http://tmx.quotemedia.com/quote.php?qm_symbol=SGX
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72353124
God Bless
eom7' on 'Sage Gold Inc. (SGGDF
the main trading board for 'Sage Gold Inc. is SGX @ Toronto -
http://tmx.quotemedia.com/quote.php?qm_symbol=SGX
@ current SGX going higher -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72353124
God Bless
eom7 on Sage Gold Inc. (SGGDF
well, its a very tightly held company -
no one want to part on their shares -
they know what soon coming out from
all good drilling reports -
43-101 could get this moving -
way higher
Sage Gold Investors presentation -
http://www.sagegoldinc.com/Theme/SageGold/files/doc_presentations/Sage_February_2012_PPT.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72274817
God Bless
|
Followers
|
5
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
120
|
|
Created
|
09/02/11
|
Type
|
Free
|
| Moderators | |||
