New Sage Energy Announces Closing of First Tranche of Private Placement
28 7월 2010 - 5:00AM
Marketwired
New Sage Energy Corp. (TSX VENTURE: NSG) ("New Sage" or the
"Corporation") announces that it has completed the first closing of
its previously announced private placement involving the issuance
of 2,100,000 units at a price of $0.05 per unit for gross proceeds
of $105,000 (the "Private Placement").
Each unit (the "Unit") consisted of one common share in the
capital of the Corporation (the "Common Shares") and one-half of
one warrant (the "Warrant"), with each whole Warrant entitling the
holder thereof to purchase one Common Share at a price of $0.10 per
share for a period of 18 months from the date of closing.
The final closing of the Private Placement involving the
issuance of up to an additional 9,400,000 Units is expected to
close by mid August. The Corporation intends to use the proceeds
from the Private Placement for new projects, acquisitions and
development, as well as for general working capital and the payment
of expenses related to the Private Placement.
The Common Shares and Warrants underlying the Units issued
pursuant to the first closing of the Private Placement are subject
to a hold period until October 26, 2010 in accordance with
applicable securities law.
About New Sage
New Sage is a Canadian oil and gas exploration and development
company with a focus on opportunities in the US Gulf States region
and Latin America. New Sage is building a portfolio of production,
through exploration and development opportunities, with established
joint venture partners.
Forward-Looking Statements
This news release contains forward-looking statements that
involve risks and uncertainties. Forward-looking statements or
information are based on current expectations, estimates and
projections that involve a number of risks and uncertainties which
could cause actual results to differ materially from those
anticipated by New Sage. The forward-looking statements or
information contained in this news release are made as of the date
hereof and New Sage does not undertake any obligation to update
publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
The securities of New Sage being offered have not been, nor will
be, registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold within the United States or
to, or for the account or benefit of, U.S. persons absent U.S.
registration or an applicable exemption from U.S. registration
requirements. This release does not constitute an offer for sale of
securities in the United States.
Neither the TSX Venture nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture) accepts
responsibility for the adequacy or accuracy of this release.
Contacts: New Sage Energy Corp. Eric Fredrickson 416.309.4320
info@newsage.ca www.newsage.ca
New Sage Energy Corp. (TSXV:NSG)
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New Sage Energy Corp. (TSXV:NSG)
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