Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News

Editor's Pick

Sage Potash Closes Private Placement of $1,822,500

Sage Potash Corp. , (TSXV: SAGE) (OTC: SGPTF) (‘Sage’ or the ‘Company’) has closed its non-brokered private placement of 13,500,000 common shares for total proceeds of $1,822,500 . The proceeds will be used for the advancement of its mineral properties and for general administration expenses. The private placement is subject to final acceptance by the TSX Venture Exchange, and all securities issued under the private placement will be subject to a four-month hold which expires on September 28, 2024 . The Company paid finder’s fees of $10,800 and issued 80,000 broker warrants. Each broker warrant entitles the holder to purchase, from today’s date up to May 27, 2025 one common share of the Company at a price of $0.25 per share.

Peter Hogendoorn , the Company’s CEO, comments: ‘We are extremely pleased to have attracted strategic investors who understand and appreciate the value of our project, namely a comprehensive and strategic land and mineral portfolio hosting a 280MMT inferred resource* of high-grade, clean chemistry potash, with a pilot production strategy in place and permitting to water access, cavern development and waste disposal wells.  We look forward to providing further updates of fundamental developments as we advance our project.’

*NI 43-101 Technical Report Effective Date: November 21 , 2022.  Revised and amended date, February 8, 2023

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 [email protected] .

On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman

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/May2024/27/c0859.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Latest News

    A week ago, a Jan. 6 defendant was arrested near Barack Obama’s in D.C. with what the government says was a machete, two guns...

    Disclaimer: Deluxeinvestmentgroup.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 deluxeinvestmentgroup.com