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
info@sagepotash.com.
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
+1(236) 836-4182
info@sagepotash.com
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.