Sage Gold Inc. (TSXV:SGX) entered into an agreement to acquire 43.6 units of Land Package from Jien Nunavik Mining Exploration Limited for CAD 0.2 million on January 18, 2017. Under the terms of agreement, the consideration will be paid by issuance of 1.25 million shares by Sage Gold Inc. (TSXV:SGX) and 2% net smelter royalty with an open ended option to buy half back in return for payment of CAD 0.5 million. The transaction is subject to regulatory approval and closing conditions. Sage Gold Inc. (TSXV:SGX) cancelled the acquisition of 43.6 units of Land Package from Jien Nunavik Mining Exploration Limited on January 18, 2018.