Saga Metals Lists on TSX-V

Saga Metals Corp.'s amended and restated initial public offering (IPO) prospectus dated Aug. 30, 2024, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the securities regulators in each of British Columbia, Ontario, Alberta and Manitoba on Sept. 4, 2024, pursuant to the provisions of the respective securities acts and Multilateral Instrument 11-102, Passport System.

The gross proceeds to be received by the company for the offering are $1,758,539.68, consisting of: (i) 2,320,750 hard-dollar (HD) units of the company at a price of 40 cents per HD unit ($928,300); (ii) 167,166 standard flow-through (FT) units of the company at a price of 48 cents per standard FT unit ($80,239.68); and (iii) 1.25 million charity flow-through units of the company at a price of 60 cents per charity FT unit ($750,000). Each HD unit consists of one common share and one-half of a common share purchase warrant. Each standard FT unit and charity FT unit consists of a flow-through share as defined in the Income Tax Act (Canada) and one-half of a warrant. Each whole warrant will be exercisable for one common share at a price of 60 cents for 24 months.

The company is classified as a non-metallic mineral mining and quarrying company (NAICS No. 212398).

Commence date: At the opening on Monday, Sept. 23, 2024, the common shares will be listed and immediately halted from trading on the TSX Venture Exchange.

Corporate jurisdiction: British Columbia

Capitalization: unlimited common shares with no par value, of which 28,064,847 common shares issued and outstanding upon closing of the IPO

Escrowed shares: 1,867,501 common shares subject to an escrow agreement

Transfer agent: Endeavor Trust Corp.

Trading symbol: SAGA

Cusip No.: 78660A 10 4

Agent: Research Capital Corp.

Agent's warrants: 191,783 non-transferable share purchase warrants (one warrant to purchase one share at 40 cents per share up to 24 months)

For further information, please refer to the company's prospectus dated Aug. 30, 2024.

Company Contact: Michael Stier, CEO
Company Address: 2288 - 1177 W Hastings St., Vancouver, British Columbia, V6E 2K3
Company Phone Number: +1 (778) 930-1321
Company Email Address: info@sagametals.com

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