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South American Gold Announces $1,500,000 Private Placement

Jun 13, 2017

OTC Disclosure & News Service

Las Vegas, NV -

South American Gold Corp (OTC: SAGD) announced today that it has initiated a $1,500,000 private placement offering of the Companys common shares at a price per share of $0.05, with an over-allotment option to increase the offering, solely to persons who qualify as accredited investors (the "Offering") under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended (the "Securities Act").

This private placement memorandum and the subscriptions thereof is set in Units consisting of 100,000 shares of common stock of the Company and a common share purchase warrants (each a "Warrant") equaling one common share warrant per common share initially subscribed, with the Warrant exercisable to acquire an additional share of common stock of the Company at a price of $0.25 USD until the warrant expiration date of August 1, 2018. The Company may accelerate the warrant expiration date of the Warrant, if the price of the Company's common stock closes at or above $0.50 USD for twenty consecutive trading days.

The Company intends to use the net proceeds of the Offering for working capital, inventory, development, and marketing.

According to David Reeves, President of SAGD, This Private Placement will allow us to obtain the capital needed to further the development and marketing of our products. We will utilize these funds to add additional sales and marketing personnel, further the development and marketing of PotCircles, and increase the inventory levels of the Rehaba product lines. As it stands now, we have more demand for Rehaba than we can fulfill. 

Details about the Company and this Private Placement Memorandum pursuant to Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended; are available for viewing by accredited investors at: http://www.sagdcorp.co.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities nor shall there be any sale of the securities referenced herein in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. The securities referenced herein have not been approved or disapproved by any regulatory authority.

About South American Gold Corp

South American Gold Corp is a publicly traded company on the OTC under the symbol SAGD, focused on value through diversity and growth. On Feb 15, 2017, SAGD appointed its new President, which initiated the new corporate direction to become a respected operational management company focused on value. South American Gold Corp operates each of its projects/subsidiaries under corporate divisions and a listing of the divisions can be found at http://www.sagdcorp.co.

In recent news, on June 12, 2017, the Company addressed the new direction and the companys beliefs on the benefits of the diversity operational management company position. Read Here

On June 9, 2017, the Company has come to terms for the agreement to acquire Rehaba, a medical device company with a FDA cleared device presently in use within the marketplace. Read Here

On June 8, 2017, the Company released a statement that is its acquiring the SmartLicensee system, which is a territorial based sales program providing individuals the opportunity to generate income by representing company products within their protected territories. Read Here

For more information:

Corporate Website: www.sagdcorp.co

Media contact: info@sagdcorp.co

General contact: info@sagdcorp.co

Disclaimer: This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "looks," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South America Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release may incorporate by reference the Company's reports and other filings. Investors are encouraged to review all filings. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential projects and/or acquisitions will be favorable nor that definitive terms can be negotiated. Investors should consult their financial advisor before making an investment in a company.

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