17:12:34 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Sage Potash Corp
Symbol SAGE
Shares Issued 49,446,688
Close 2023-07-11 C$ 0.36
Market Cap C$ 17,800,808
Recent Sedar Documents

Sage Potash arranges $1.5-million private placement

2023-07-11 17:10 ET - News Release

Mr. Peter Hogendoorn reports

SAGE POTASH CORP. ANNOUNCES NON BROKERED PRIVATE PLACEMENT

Sage Potash Corp. has arranged a non-brokered private placement of up to 4,687,500 units at a price of 32 cents per unit for aggregate gross proceeds of up to $1.5-million. Each unit shall comprise one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at an exercise price of 50 cents for a period of two years following the closing of the offering.

The net proceeds from the issue of the units will be used for operational costs, permitting, drill casing deposits, equipment and general working capital. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the TSX Venture Exchange.

All purchased securities will be subject to a hold period of four months and additional resale restrictions may be applicable depending on the jurisdiction in which the subscriber is resident. The certificates representing the securities will bear legends denoting the foregoing. Subscribers are advised to consult with their own legal counsel or advisers to determine the resale restrictions that may be applicable to them.

About Sage Potash Corp.

Sage Potash is a Canadian company vested solely in the Sage Plain property and intends through sustainable solution mining techniques to become a prominent domestic potash producer within the Paradox basin, situated in Utah.

We seek Safe Harbor.

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