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Sage Potash Corp. (TSXV: SAGE,OTC:SGPTF) (OTCQB: SGPTF) (“Sage Potash” or the “Firm”) is happy to announce that it has closed a primary tranche of its beforehand introduced unit personal placement financing (the “Providing”).
Pursuant to this primary tranche closing of the Providing, the Firm has issued 57,436,000 items (the “Items”) at a worth of $0.20 per Unit, for mixture gross proceeds to the Firm of $11,487,200. Every Unit consists of 1 widespread share within the capital of the Firm (a “Frequent Share”) and one non-transferable Frequent Share buy warrant (a “Warrant”). Every Warrant can be exercisable to buy one Frequent Share at a worth of $0.30 for a interval of three (3) years from the date of closing of the Providing.
Proceeds of the Providing can be used primarily to start the work essential to hold out key suggestions made by internationally acknowledged engineering agency, RESPEC LLC, within the Firm’s lately filed Preliminary Financial Evaluation (see November 6, 2025 information launch), together with drilling of a stratigraphic gap, drill core evaluation and testing and engineering evaluate. The proceeds may even be used for working capital and for basic and administrative expense functions.
Finders obtained a 6% charge payable in money or Frequent Shares, and 6% non-transferable dealer warrants exercisable for Frequent Shares of the Firm at $0.30 per share for 3 years.
All securities issued beneath the Providing can be topic to a maintain interval of 4 months and in the future from the date of issuance beneath relevant securities legal guidelines.
Sure administrators and officers of the Firm acquired securities beneath the Providing. Such participation is taken into account a “associated get together transaction” as outlined beneath Multilateral Instrument 61-101 (“MI 61-101”). The Providing is exempt from the formal valuation and minority shareholder approval necessities of MI 61-101 because the Firm is listed on the TSX Enterprise Change and neither the anticipated honest market worth of securities being issued to associated events nor the consideration being paid by associated events would exceed 25% of the Firm’s market capitalization.
The next or last tranches of the Providing are anticipated to shut in January, 2026. The TSX Enterprise Change has conditionally accredited the Providing, topic to customary last filings.
About Sage Potash
Sage Potash Corp. (TSXV: SAGE,OTC:SGPTF) (OTCQB: SGPTF) is devoted to the event of its flagship Sage Plain Potash Mission, situated within the Paradox Basin, Utah. With a big and high-grade useful resource base, the Firm is advancing towards its objective of creating a safe and sustainable home potash manufacturing platform in the USA. Sage Potash is dedicated to meals safety, environmental stewardship, and creating worth for shareholders and stakeholders alike.
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
Cautionary Be aware Relating to Ahead-Wanting Statements
This information launch accommodates “forward-looking info” and “forward-looking statements” throughout the which means of relevant securities laws. The forward-looking statements herein are made as of the date of this information launch solely, and the Firm doesn’t assume any obligation to replace or revise them to replicate new info, estimates or opinions, future occasions or outcomes or in any other case, besides as required by relevant legislation. Usually, however not at all times, forward-looking statements may be recognized by means of phrases reminiscent of “plans”, “expects”, “is anticipated”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “tasks”, “intends”, “targets”, “goals”, “anticipates” or “believes” or variations (together with destructive variations) of such phrases and phrases or could also be recognized by statements to the impact that sure actions “might”, “may”, “ought to”, “would”, “may” or “will” be taken, happen or be achieved. Ahead-looking info on this information launch consists of, however just isn’t restricted to, statements concerning the Providing and with respect to future occasions or future efficiency of Sage Potash. Ahead-looking statements and data are topic to numerous recognized and unknown dangers and uncertainties, a lot of that are past the flexibility of the Firm to manage or predict, which will trigger the Firm’s precise outcomes, efficiency or achievements to be materially totally different from these expressed or implied thereby, and are developed primarily based on assumptions about such dangers, uncertainties and different elements set out herein, together with, however not restricted to, the chance elements set out beneath the heading “Danger Elements and Uncertainties” within the Firm’s Administration’s Dialogue & Evaluation out there for evaluate beneath the Firm’s profile at www.sedarplus.ca. Such forward-looking info represents administration’s finest judgement primarily based on info presently out there. No forward-looking assertion may be assured and precise future outcomes might fluctuate materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or info.
Not for distribution to U.S. information wire providers or dissemination in the USA
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/278996
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