Sept 18 (Reuters) - Sage Gold Inc SGX.V :
* Update on major projects and financing
* Continues to have discussions with third parties for joint venture and/or sale of our 60% interest in the clavos gold property in Timmins
* Current weakness of the Canadian dollar is a significant positive factor in the potential economic viability of the project in Timmins
* To settle obligations of $169,663 owed to creditors for services by issuing 3.4 million common shares for $0.05 per common share
* Source text for Eikon ID:nWNAB08CWT