Sage Potash Closes Private Placement
Sage Potash Closes Private Placement
VANCOUVER, BC
,
Dec. 27, 2024
/CNW/ -
Sage Potash Corp.,
(TSXV: SAGE) (OTC: SGPTF)
("
Sage
" or the "
Company
") has closed a non-brokered private placement of 1,400,000 common
shares at a price of
C$0.20
each for gross proceeds of
C$280,000
(the "
Offering
"). The Offering is
not related to the private placement announced on
September 9
, 2024. None of the proceeds of the
Offering are being used towards the equipment purchase described in the Company's
September 9,
2024
news release.
The proceeds of the Offering will be used for general working capital purposes. All securities issued
under the Offering are to arm's length persons.
In connection with the Offering, the Company paid finders' fees totaling
$17,600
and 88,000 finders'
warrants, each of which is exercisable for one common share of the Company at an exercise price
of
C$0.20
per share for a period of 24 months from the date of issuance.
All securities issued under the Offering will be subject to a hold period of four months and one day
from the date of issuance under applicable securities laws.
About Sage Potash Corp.
Sage is a Canadian company vested solely in the Sage Plain Property and intends to become a
prominent domestic potash producer within the Paradox Basin situated in
Utah
through sustainable
solution mining techniques. For further information, please refer to the Company's disclosure record
on SEDAR+ (
www.sedarplus.ca
) or contact the Company by email at
.
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
(604) 764-2158
Website:
www.sagepotash.com
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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking statements".
Forward-looking statements are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Forward-looking statements include, without limitation, statements relating
to the use of proceeds from the Offering. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the forward-looking statements. Such
material risks and uncertainties include, but are not limited to: the proceeds of the Offering being
used other than as described herein; competition within the industry; actual results of current
exploration activities; environmental risks; changes in project parameters as plans continue to be
refined; future price of commodities; failure of equipment or processes to operate as anticipated;
accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks
related to indebtedness and the service of such indebtedness; as well as those factors, risks and
uncertainties identified and reported in the Company's public filings under its SEDAR+ profile at
www.sedarplus.ca
. Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-
looking statements. There can be no assurance that such information will prove to be accurate as
actual results and future events could differ materially from those anticipated in such statements.
Forward-looking statements are made as of the date hereof and, accordingly, are subject to change
after such date. The Company disclaims any intention or obligation to update or revise any forward-
looking information, whether as a result of new information, future events or otherwise unless
required by law.
SOURCE
Sage Potash Corp.
View original content:
http://www.newswire.ca/en/releases/archive/December2024/27/c6934.html
%SEDAR: 00054782E
CO: Sage Potash Corp.
CNW 21:03e 27-DEC-24