Organimax Closes $220,000 Unit Financing
ORGANIMAX NUTIRENT CORP
1400 – 1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1
ORGANIMAX CLOSES $220,000 UNIT FINANCING
October 9, 2020
Vancouver, British Columbia: Organimax Nutrient Corp. (TSX-V: KMAX) (“OrganiMax” or “the
Company”) announces that, further to its September 28, 2020 news release, it has received approval from
the TSX Venture Exchange to close its Private Placement Financing and will be issuing 4,400,000 units (the
“Units”)for gross proceeds of $220,000. Each Unit is comprised of one common share in the capital of the
Company and one common share purchase warrant, with each full warrant entitling the holder to purchase
one common share at a price of fifteen cents ($0.15) per share at any time within two years of the date of
issuance. All securities to be issued under this private placement are subject to a four-month resale re-
striction.
No finders’ fees or commissions are payable with the Financing.
Net proceeds of this private placement are for general working capital purposes, to maintain its SOP-lithium
project in Mexico, and for the evaluation of new business opportunities.
About OrganiMax Nutrient Corp. (KMAX.V)
OrganiMax Nutrient Corp is an exploration company focused on advancing its 100%-owned potassium and
lithium bearing salar complex of mineral concessions that comprise more than 4,000 hectares at the Central
Mexican Plateau located in the states of Zacatecas, San Luis Potosi, Mexico. The Company has announced
a maiden sediment mineral resource estimate (MRE) of both potassium and lithium at its three salars. High-
lights include:
• 120 million tonnes (Mt) of Inferred Mineral Resources grading 4.6% potassium (K) and 380 ppm
lithium (Li);
• a continuous high-lithium portion of La Salada salar containing 7 Mt grading 1,490 ppm
• a contained 12.3 million tonnes (Mt) of Sulfate of Potash (SOP) and 243,000 tonnes of lithium
carbonate equivalent (LCE);
• Sampling is restricted to 5 metre depths in most areas therefore there is good exploration potential
to increase the Mineral Resource at depth and also extending the sampling to the edge of the salar
basins where sampling has not taken place;
• Geophysical surveys completed suggest there is potential for additional similar layers of potassium
or lithium enriched material to be found under the current pitting/drilling.
• Recent regional geophysical work has indicated that the depths of the salar basins may be much
greater than previously thought, making the salars highly prospective for large brine aquifers to be
discovered at depth.
The Company is targeting Sulfate of Potash (SOP) as its primary product along with associated by-products
Lithium Carbonate (LCE) and boron for both the domestic and international markets. SOP is a premium
specialty fertilizer that is used in the production of high-value chloride sensitive crops such as fruits, vege-
tables, and nuts.
On behalf of the Board of Directors of OrganiMax Nutrient Corp.,
"Brandon Rook"
Brandon Rook, President and Chief Executive Officer.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPON-
SIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable
securities legislation. Forward-looking statements relate to information that is based on assumptions of man-
agement, forecasts of future results, and estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or
performance are not statements of historical fact and may be "forward-looking statements."
For further information please contact us @:
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