VANCOUVER, BC, Dec. 27,
2024 /CNW/ - Sage Potash Corp., (TSXV: SAGE)
(OTC: SGPTF) ("Sage" or the "Company") has
closed a non-brokered private placement of 1,400,000 common shares
at a price of C$0.20 each for gross
proceeds of C$280,000 (the
"Offering"). The Offering is not related to the private
placement announced on September 9,
2024. None of the proceeds of the Offering are being used
towards the equipment purchase described in the Company's
September 9, 2024 news
release.
The proceeds of the Offering will be used for general working
capital purposes. All securities issued under the Offering are to
arm's length persons.
In connection with the Offering, the Company paid finders' fees
totaling $17,600 and 88,000 finders'
warrants, each of which is exercisable for one common share of the
Company at an exercise price of C$0.20 per share for a period of 24 months from
the date of issuance.
All securities issued under the Offering will be subject to a
hold period of four months and one day from the date of issuance
under applicable securities laws.
About Sage Potash Corp.
Sage is a Canadian company vested solely in the Sage Plain
Property and intends to become a prominent domestic potash producer
within the Paradox Basin situated in Utah through sustainable solution mining
techniques. For further information, please refer to the Company's
disclosure record on SEDAR+ (www.sedarplus.ca) or contact the
Company by email at info@sagepotash.com.
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
(604) 764-2158
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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed
"forward-looking statements". Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Forward-looking statements
include, without limitation, statements relating to the use of
proceeds from the Offering. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward-looking statements. Such material risks and uncertainties
include, but are not limited to: the proceeds of the Offering being
used other than as described herein; competition within the
industry; actual results of current exploration activities;
environmental risks; changes in project parameters as plans
continue to be refined; future price of commodities; failure of
equipment or processes to operate as anticipated; accidents, and
other risks of the mining industry; delays in obtaining approvals
or financing; risks related to indebtedness and the service of such
indebtedness; as well as those factors, risks and uncertainties
identified and reported in the Company's public filings under its
SEDAR+ profile at www.sedarplus.ca. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking information, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking statements. There can be no
assurance that such information will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are made
as of the date hereof and, accordingly, are subject to change after
such date. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise unless
required by law.
SOURCE Sage Potash Corp.
