sage gold inc (SGGDF) Key Developments
Sage Gold, Inc. Auditor Raises 'Going Concern' Doubt
Jan 28 15
Sage Gold, Inc. filed its Annual on Jan 28, 2015 for the period ending Sep 30, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Sage Eyes Acquisitions
Jan 26 15
Sage Gold, Inc. (TSXV:SGX) is looking for acquisition opportunities. Nigel Lees, President & Chief Executive Officer of Sage, commented, "On closing, Sage will retain a positive working capital position and an ability to pursue its strategy of acquiring and developing interests in properties that can be advanced toward production within a short time frame. This was successfully employed at Clavos and we believe it confers upon the company substantial upside with modest risk. The 100% owned Lynx polymetallic deposit, located within the Onaman property, fits this strategy and we have already identified additional key properties and assets that could greatly enhance the company's portfolio."
Sage Gold Mulls Acquisitions
Dec 15 14
Sage Gold, Inc. (TSXV:SGX) is seeking acquisitions. Sage is engaged in active discussions to acquire additional strategic assets in Beardmore Geraldton and in the Wawa, Ontario area.
Sage Gold, Inc. Presents at Renewables and Mining Summit, Oct-15-2014 through Oct-16-2014
Oct 13 14
Sage Gold, Inc. Presents at Renewables and Mining Summit, Oct-15-2014 through Oct-16-2014. Venue: Toronto, Ontario, Canada. Presentation Date & Speakers: Oct-16-2014, William Donald Love, Chief Geologist and Vice President of Business Development.
Sage Gold Inc. Extends Debt Facility Maturity Date
Oct 1 14
Sage Gold, Inc. has entered into an amendment agreement (the Amendment Agreement) relating to its senior secured term debt facility (the Facility) with Waterton Global Value, L.P. (Waterton). In the Amendment Agreement, Waterton agrees to extend the Facility's maturity date from October 3, 2014 to October 15, 2015 (the Maturity Date). The total amount outstanding under the Facility is approximately CAD 1.82 million inclusive of principal, accrued interest and fees payable to date. The annual interest rate of the Facility is 12%, and payment of accrued and future interest and fees shall be deferred until the Maturity Date.