Sage Potash Corp. Raises C$280,000 in Private Placement

VANCOUVER, BC, Dec. 27, 2024 /CNW/ – Sage Potash Corp., SAGE SGPTF (“Sage” or the “Company“) has completed a non-brokered private placement, issuing 1,400,000 common shares priced at C$0.20 each, resulting in gross proceeds of C$280,000. This Offering is distinct from the private placement announced on September 9, 2024. Notably, none of the funds raised will be allocated to the equipment purchase mentioned in the Company’s previous announcement.

The funds from this Offering will support the Company’s general working capital needs. All shares issued will be dispersed to arm’s length parties.

The Company incurred finders’ fees amounting to $17,600 and has issued 88,000 finders’ warrants. Each warrant is exercisable for one common share at an exercise price of C$0.20 for a duration of 24 months from issuance.

Holders of securities issued through this Offering will observe a hold period of four months and one day from the issuance date, in compliance with applicable securities laws.

About Sage Potash Corp.

Sage is a Canadian firm focused exclusively on the Sage Plain Property, aiming to establish itself as a significant domestic potash producer in the Paradox Basin, located in Utah, using environmentally sustainable solution mining practices. For further details, visit the Company’s disclosure record on SEDAR+ at www.sedarplus.ca or contact the Company via 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 takes responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes forward-looking statements, which are not historical facts. Words like “expects”, “plans”, “anticipates”, “believes”, “intends”, and “estimates” often signify these statements. Forward-looking statements may concern the anticipated use of proceeds from the Offering. While the Company believes these expectations are based on reasonable assumptions, they are not guarantees and are subject to various risks and uncertainties. Actual outcomes may differ significantly from those anticipated. Risks include misallocation of proceeds, competition, environmental considerations, equipment failures, regulatory delays, among others. Readers are urged not to place undue trust in these statements, which are subject to change without notice. The Company has no commitment to update this information unless legally required.

SOURCE Sage Potash Corp.

View original content: http://www.newswire.ca/en/releases/archive/December2024/27/c6934.html