VANCOUVER, BC, May 2, 2024
/CNW/ - Sage Potash Corp., (TSXV: SAGE) (OTC:
SGPTF) ("Sage" or the "Company") will be undertaking a
non-brokered private placement of 13,500,000 common shares at
$0.135 each, for gross proceeds of up
to $1,822,500.
The gross proceeds will be used for the advancement of its
mineral properties and for general administration expenses. All
securities issued under the private placement will be subject to a
four-month hold.
Peter Hogendoorn, CEO, of Sage
commented: "The Company is pleased to announce this
substantial private placement. Upon completion, we will be fully
focused on advancing the drilling and pilot production phase
throughout the balance of this year. We are grateful for the
ongoing support of our shareholders during these challenging
markets and look forward to delivering significant value on their
investments."
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.
Website: www.sagepotash.com
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
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.