TORONTO, Aug. 03, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V: SGX) reports that on July 30, 2018 the Ontario Superior Court of Justice Commercial List (the “Court”) issued a Court Order (the “Order”) against the Company, appointed Deloitte Restructuring Inc. as receiver over all of the assets, undertakings and properties of the Company. The applicant, CRH Funding II Pte. Ltd. (“CRH”) had brought the receivership application, alleging that...
TORONTO, July 16, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) 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. (“CRH”), 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,...
TORONTO, June 28, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) 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....
TORONTO, June 22, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) 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...
TORONTO, June 08, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) 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...
TORONTO, May 28, 2018 (GLOBE NEWSWIRE) -- NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) is pleased to announce that it has completed the initial tranche of a treasury offering (the “ Offering ”) of units of the Company (the “ Units ”) at the price of $0.055 per Unit. Each Unit consists of one common share of the Company (a “ Common Share ”) plus one (1) Common Share purchase...
TORONTO, May 25, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) 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...
TORONTO, May 14, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) 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...
TORONTO, May 11, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) is providing a bi-weekly update on the status of the Management Cease Trade Order (“ MCTO ”) and an update of its ongoing mining activities at its Clavos gold mine in Timmins, Ontario. The Company disseminated a News Release on April 27, 2018 (the “ Default Announcement ”) disclosing that it had voluntarily applied to the Ontario Securities Commission (the “ OSC ”) for a MCTO...
TORONTO, April 27, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) 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 (FW) and Hanging wall (HW) 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...
TORONTO, April 27, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) announced today that it expects that its audited financial statements, CEO and CFO certifications, and management discussion and analysis (the “ Annual Filings ”) 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...
TORONTO, April 19, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) is pleased to announce that the Company has completed its latest bulk sample mill run. The custom mill processed 6,252 dry tonnes of mineralized material yielding approximately 513 ounces of gold. The mineralized material in the April mill run was sourced from the 150 West, 150 East, 175 East and 200 metre levels. More specifically, the milled material was comprised of Clavos broken...
TORONTO, March 28, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) is pleased to announce that the Company completed its latest bulk sample mill run on March 15, 2018 and the doré is now being refined. The custom mill processed 3,976 dry tonnes of mineralized material yielding approximately 312 ounces. The next mill run is expected to commence within the next two weeks. The mineralized material in the March 15 th mill run was sourced from the 150 West,...
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) is pleased to announce that it has identified new vein systems at the Clavos property. The Company is currently updating its Mineral Resource estimate, adding several hundred historical and recent drill hole composites from the definition and exploration drilling completed over the past few years....