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new sage energy corp (NSG) Details

New Sage Energy Corp., a development stage company, focuses on the exploration and development of oil and gas properties in the U.S. Gulf States region and Latin America. The company was formerly known as Consolidated New Sage Resources Ltd. and changed its name to New Sage Energy Corp. in May 2007. New Sage Energy Corp. was incorporated in 1980 and is headquartered in Toronto, Canada.

Founded in 1980

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new sage energy corp (NSG) Key Developments

New Sage Energy Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012

New Sage Energy Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. The company incurred a net loss for the quarter of CAD 92,950 or CAD 0.00 per share compared to CAD 199,436 and CAD 0.00 in the same period last year. For the nine months, the company incurred a net loss of CAD 332,460 or CAD 0.00 per share compared to CAD 618,279 or CAD 0.01 per share in the same period last year. Net cash used in operating activities was CAD 44,452 against CAD 613,790 for the same period a year ago.

New Sage Energy Corp. Appoints Michael Ivan as Chief Financial Officer

New Sage Energy Corp. announced the appointment of Mr. Michael Ivan, CA to the position of Chief Financial Officer. Mr. Ivan is a Chartered Accountant with extensive experience managing the financial operations for both private and public companies. Mr. Ivan began his career with Collins Barrow, where he was a key member of the firm's public company group, with a particular focus on junior resource companies. Throughout his career he has specialized in auditing, internal controls, and financial reporting. He most recently served as Corporate Controller for New Sage and the Company expects the transition to be seamless given Mr. Ivan's knowledge and familiarity. Mr. Ivan replaces Mr. Paul Haber who has served as CFO for the past several years. The Company also announces the resignation of Mr. Marc Bamber from the board of directors of the company to focus on other business ventures and commitments.


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