On September 30, 2016 Sage Gold Inc. (“Sage”) executed a binding Term Sheet with Cartesian Royalty Holdings Pte Ltd. (“CRH”) to provide the Corporation with a financing package of C$11.5 million to fund the development and restart of the Corporation’s Clavos project situated in the Timmins mining camp in Ontario, Canada.

Sage Gold Inc. is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario.

Peterson McVicar acted for Sage Gold Inc. with a team that included Dennis Peterson and James McVicar.