|Bid||0.010 x 0|
|Ask||0.010 x 0|
|Day's Range||0.015 - 0.015|
|52 Week Range||0.015 - 0.015|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Sage opposed the appointment of a receiver on the basis that there was an arbitration clause in the Agreement with CRH. The Court ordered that the appointment of the receiver was without prejudice to Sage to seek leave to commence arbitration proceedings. The endorsement of the Court also provided that if Sage is actively and seriously pursuing a restructuring alternative to receivership, it will have an opportunity to make that case to the Court. Nigel Lees, President and CEO stated, “First and foremost, we would like to thank all of our employees, shareholders, consultants and creditors for their incredible support as we undertook to restart the Clavos mine. From all of our suppliers, to the mining community in Timmins, to our investors, and partners in First Nations, we owe you a debt of thanks for continuing to support the Company.
The Company 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 property, 100% owned, in Timmins and the 100% owned Onaman property 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 from the Company’s website at www.sagegoldinc.com.
Sage Gold Inc. (“Sage Gold” or the “Company”) (SGX.V) has received a Notice of Intention to Enforce Security under section 244 of the Bankruptcy and Insolvency Act from Cartesian Royalty Holdings (“CRH”) on behalf of CRH Funding II Pte. Ltd., in respect of amounts owing under the Gold Payment Agreement (“GPA”) dated November 17, 2016. The Company is taking the notification seriously and is reviewing and considering its alternatives. The Company will continue in its good faith attempts to negotiate a resolution to this matter with CRH that is in the best interests of all stakeholders. There can be no assurance that negotiations, if any, will be successful. The Company has gained significant insight and knowledge into the Clavos deposit through this bulk sampling program, additional drilling and geological mapping. Under normal circumstances, the Company’s next steps would be to complete an updated Mineral Resource estimate and revised mine plan. However, since disclosing that the Company had been served with a Notice of Default by CRH, notifying the Company that it was in default of the GPA, the Company has been unable to raise the capital necessary to complete these necessary steps.
Sage Gold Inc. (“Sage Gold” or the “Company”) (SGX.V) is providing a bi-weekly update on the status of the Management Cease Trade Order (“MCTO”). On April 27, 2018, the Company disseminated a News Release disclosing that it had voluntarily applied to the Ontario Securities Commission (the “OSC”) for a MCTO as it was not able to complete and file its audited financial statements, CEO and CFO certifications, and management discussion & analysis (the “Annual Filings”) for the year ended December 31, 2017 by the filing deadline of April 30, 2018.
For Sage Gold Inc’s (TSXV:SGX) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. The beta measuresRead More...
For Sage Gold Inc’s (TSXV:SGX) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. SGX is exposedRead More...
Sage Gold Inc. is pleased to announce that it intends to complete a treasury offering of units of the Company at the price $0.11 per Unit for the gross proceeds of up to $1,000,000 on a best-efforts private ...
Sage Gold Inc. is pleased to report an update on the bulk sampling program at its 100% owned Clavos Mine in Timmins, Ontario and plans to optimize the existing mine plan and update the Mineral Resource ...
Sage Gold Inc. is pleased to announce that further to its press release dated December 11, 2017 it has completed the first tranche of a treasury offering of flow-through common share units of the Corporation ...