Sagebrush Gold Announces Reduction of Debt and Conversion of Debt for Shares

Sagebrush Gold, Ltd. (OTCBB:SAGE) and Continental Resources Group, Inc. (OTCBB:CRGC) announced today that Sagebrush Gold has prepaid $700,000 of the previously announced $1.7 million loan facility provided to the Company.

As quoted in the press release:

The Company also announced that a total of 5 convertible note holders, including Company Chairman Barry Honig, have converted their outstanding notes for shares in Sagebrush Gold at a conversion price of $0.65 per share. In total, $600,000 of notes were converted, plus accrued interest of $22,500, with the Company issuing 957,692 shares in exchange.

Click here to read theSagebrush Gold (OTCBB:SAGE) press release.