Saga Metals Corp. Announces Closing of Initial Public Offering and Other Corporate Updates

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VANCOUVER, British Columbia, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Saga Metals Corp. (the “Company” or “Saga”), a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce the successful closing of its initial public offering (the “Offering”) consisting of 2,320,750 hard dollar units of the Company (the “HD Units”) at a price of $0.40 per HD Unit, 167,166 standard flow-through units of the Company (the “Standard FT Units”) at a price of $0.48 per Standard FT Unit and 1,250,000 charity flow-through units of the Company (the “Charity FT Units”) at a price of $0.60 per Charity FT Unit for aggregate gross proceeds of $1,758,500, pursuant to the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024 (collectively, the “Prospectus”).

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