SAGE Potash Corp. Announces Non Brokered Private Placement
SAGE POTASH CORP. ANNOUNCES NON
BROKERED PRIVATE PLACEMENT
VANCOUVER, BC
,
July 11, 2023
/CNW/ -
SAGE POTASH CORP.
(TSXV:
SAGE
) (OTCQB:
SGPTF
) ("
Sage Potash
" or the "Company") is pleased to announce a non-brokered private
placement of up to 4,687,500 units (each, a "Unit") at a price of
$0.32
per Unit (the "Issue Price") for
aggregate gross proceeds of up to
$1,500,000
(the "Offering"). Each Unit shall be comprised of one
common share (each, a "Common Share") in the capital of the Company and one-half of one
common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the
holder thereof to acquire one Common Share at an exercise price of
$0.50
, for a period of 2 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 4-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 advisors 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
. For further information, please refer to the Company's disclosure
record on SEDAR (
www.sedar.com
) or contact the Company by email at
.
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
+1(236) 836-4182
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. 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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/July2023/11/c0641.html
%SEDAR: 00054782E
For further information:
Peter Hogendoorn, CEO & Executive Chairman, +1(236) 836-4182,
CO: Sage Potash Corp.
CNW 17:04e 11-JUL-23