sage gold inc (SGGDF) Key Developments
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.
Sage Gold Inc. Extends Senior Secured Term Debt Facility Maturity Date
Aug 8 14
Sage Gold Inc. has entered into an amendment agreement relating to its senior secured term debt facility with Waterton Global Value, L.P. (Waterton). In the amendment agreement, Waterton agrees to extend the facility's maturity date from August 8, 2014 to October 3, 2014 and, at the company's option, to November 7, 2014. The total amount outstanding under the facility is approximately CAD 1.71 million inclusive of principal, accrued interest and fees payable to date, but excluding the amendment agreement fees. As consideration for the modifications in the amendment agreement, Sage has agreed to pay Waterton CAD 75,000 for the extension of the facility to the maturity date, and a further CAD 50,000 if the company exercises its option to extend the facility to the extended maturity date. The annual interest rate of the facility is 12%.
Sage Gold, Inc. Announces Executive Changes
Jul 7 14
Sage Gold, Inc. announced the appointment of Mr. Robert Ryan, CPA CA MBA, as Chief Financial Officer (CFO) of the Company. Mr. Ryan replaces Mr. Ron Reed, who will be moving on to other opportunities.
Joe Baylis Not to Stand for Re-Election as Director
Jun 19 14
Mr. Joe Baylis advised the Sage Board of Directors that he would not stand for re-election as a Director as he has accepted a position in Houston, Texas.