gerdon:

re: Northstar Drilling... see my previous SGX posts below...

red911

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red911 wrote:

When a PP is formally accepted by the exchange (after PP is announced and after PP is closed) a bulletin/news release is issued by the exchange and I access them via stockwatch. These 'exchange acceptance' bulletins do not appear on sedar for some reason but do contain some very useful info (i.e. price, warrants, insiders, pro groups, hidden placees, finders' fees, etc.). See below for applicable SGX 'exchange acceptance' bulletin re: Northstar Drilling Ltd. taken directly from stockwatch.

100,000 @ $0.50 = $50,000 investment in SGX + tax benefits of FT... not huge $$$'s but I don't think they'd bother to throw any money at SGX if they saw nothing in the cores!?

Just another piece of the puzzle.

red911

Sage Gold 10.96-million-FT-share financing
2007-11-27 16:52 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 30, 2007.

Shares: 10.96 million flow-through shares

Purchase price: 50 cents

Warrants: 5.48 million share purchase warrants to purchase 5.48 million shares
Warrant exercise price: 75 cents for two-year period
Hidden placees: 49
Insider: Northstar Drilling Ltd. (Nicola Lambert) 100,000
Pro groups: Dixi Robertson 40,000; Darren Slack 30,000; Elizabeth Leonard 20,000; Edena Soper 20,000

Finders' fees: A total of $311,400 in cash and 830,400 finders' warrants payable to Limited Market Dealer Inc., Raymond James Ltd., MGI Securities Inc., Canaccord Capital Corp., Altus Securities Inc., Fraser Mackenzie Ltd., Research Capital Corp., MAK, Allen & Day Capital Partners Inc., Kingsdale Capital Markets Inc., Thomas L. Toth, David Horlington, NovaDX Ventures Corp., Octagon Capital Corp., TD Waterhouse and Foster & Associates Financial Services Inc. Each finder's warrant entitles the holder to acquire one unit at 75 cents for a two-year period.

For further details, please refer to the company's news release dated Nov. 16, 2007.

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red911 wrote:

Northstar Drilling Ltd. was identified as an 'insider' participant in latest PP... 100,000 FT @ 50 cents, incl. 50,000 warrants @ 75 cents.

FYI... Sage Gold (and Kodiak!) is a client of Northstar Drilling Ltd.
http://www.northstardrilling.com/lin...

How many shares did Northstar pick up in Kodiak's $53.9 MILLION PP?! We will find out when formal approval by exchange is announced SOON!

This is a very good sign IMO.

Comments?

red911