Sage Gold Inc.

Sage Gold reports that an application was issued on July 10, 2018 in the Ontario Superior Court of Justice against the Company. The applicant, CRH Funding II Pte. Ltd., is seeking a court order appointing a receiver over the assets of Sage Gold, alleging that Sage Gold has failed to fulfill its gold delivery obligations to CRH. An interim receiver was appointed by the court on July 13, 2018 with powers expressly [...]

Sage Gold Inc. has received a Notice of Intention to Enforce Security under section 244 of the Bankruptcy and Insolvency Act from Cartesian Royalty Holdings on behalf of CRH Funding II, in respect of amounts owing under the Gold Payment Agreement 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 [...]

Sage Gold is providing a bi-weekly update on the status of the Management Cease Trade Order. On April 27, 2018, the Company disseminated a News Release disclosing that it had voluntarily applied to the Ontario Securities Commission for a MCTO as it was not able to complete and file its audited financial statements, CEO and CFO certifications, and management discussion & analysis for the year ended December 31, 2017 [...]

Sage Gold is providing a bi-weekly update on the status of the Management Cease Trade Order. On April 27, 2018, the Company disseminated a News Release disclosing that it had voluntarily applied to the Ontario Securities Commission for a MCTO as it was not able to complete and file its audited financial statements, CEO and CFO certifications, and management discussion & analysis for the year ended December 31, 2017 [...]

Sage Gold is pleased to announce that it has completed the initial tranche of a treasury offering of units of the Company at the price of $0.055 per Unit. Each Unit consists of one common share of the Company plus one Common Share purchase warrant. Each Warrant entitles its holder to purchase one Common Share at an exercise price of $0.075 for a period of 24 months following the closing of the Offering. The Company [...]

Sage Gold is providing a bi-weekly update on the status of the Management Cease Trade Order. On April 27, 2018, the Company disseminated a News Release disclosing that it had voluntarily applied to the Ontario Securities Commission for a MCTO as it was not able to complete and file its audited financial statements, CEO and CFO certifications, and management discussion & analysis for the year ended December 31, 2017 [...]

Sage Gold is pleased to announce that the Company has completed its latest bulk sample mill run and fourth of 2018. Approximately 5,800 tonnes of mineralized material was shipped to the custom mill facility for processing. Production statistics including gold ounces produced, grade and mill recovery will not be known until the completion of a metallurgical reconciliation process with the custom mill facility and [...]

Sage Gold is providing a bi-weekly update on the status of the Management Cease Trade Order and an update of its ongoing mining activities at its Clavos gold mine in Timmins. The Company disseminated a News Release on April 27, 2018 disclosing that it had voluntarily applied to the Ontario Securities Commission for a MCTO as it was not able to complete and file its audited financial statements, CEO and CFO [...]

Sage Gold is pleased to provide an update regarding its ongoing mining activities at the Clavos mine. The Company is now extracting mineralized material from 175E on the Footwall and Hanging wall drives after having completed development east of the existing level. Silling is ongoing on the HW and FW zones east of the easterly end of 175E. The company has encountered strong vein development on the FW structure and is [...]

Sage Gold announced today that it expects that its audited financial statements, CEO and CFO certifications, and management discussion and analysis for the year ended December 31, 2017 will not be released as scheduled on April 30, 2018. The Company currently anticipates being able to file the Annual Filings on or before May 23, 2018. The Company has been late in the preparation of the Annual Filings due to [...]