Sage Potash Announces Non-Brokered Private Placement of 13,500,000 shares
Sage Potash Announces Non-Brokered Private
Placement of 13,500,000 shares
VANCOUVER, BC
,
May 2, 2024
/CNW/ -
Sage Potash Corp.
, (TSXV: SAGE) (OTC:
SGPTF) ("Sage" or the "Company") will be undertaking a non-brokered private placement of
13,500,000 common shares at
$0.135
each, for gross proceeds of up to
$1,822,500
.
The gross proceeds will be used for the advancement of its mineral properties and for general
administration expenses. All securities issued under the private placement will be subject to a four-
month hold.
Peter Hogendoorn
, CEO, of Sage commented:
"The Company is pleased to announce this
substantial private placement. Upon completion, we will be fully focused on advancing the drilling
and pilot production phase throughout the balance of this year. We are grateful for the ongoing
support of our shareholders during these challenging markets and look forward to delivering
significant value on their investments."
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
. For further information, please refer to the Company's disclosure
record on SEDAR (
www.sedar.com
) or contact the Company by email at
.
Website:
www.sagepotash.com
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release. This news release may contain "forward-looking statements", which are statements
about the future based on current expectations or beliefs. For this purpose, statements of historical
fact may be deemed to be forward-looking statements. Forward–looking statements by their nature
involve risks and uncertainties, and there can be no assurance that such statements will prove to be
accurate or true. Investors should not place undue reliance on forward-looking statements. The
Company does not undertake any obligation to update forward-looking statements except as
required by law.
SOURCE
Sage Potash Corp.
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http://www.newswire.ca/en/releases/archive/May2024/02/c5382.html
%SEDAR: 00054782E
For further information:
Peter Hogendoorn, CEO & Executive Chairman, +1(604)-764-2158,
CO: Sage Potash Corp.
CNW 08:30e 02-MAY-24