American Potash Announces Upsizing and Closing of Final Tranche of Previously Announced Private Placement
American Potash Corp. (CSE:KCL, OTC PINK:APCOF, FRA:2P3) has successfully closed the final tranche of its non-brokered private placement, raising an additional $215,000 through the issuance of 4,300,000 units at $0.05 per unit. This brings the total raised to $1,023,000 from 20,460,000 units across both tranches. Each unit includes one common share and one warrant, with the latter exercisable at $0.10 until September 16, 2026. The company plans to use the proceeds for property maintenance, positioning for a planned drill program, and general working capital. Securities from this tranche are subject to a four-month hold period ending January 16, 2025.
American Potash Corp. (CSE:KCL, OTC PINK:APCOF, FRA:2P3) ha concluso con successo l'ultima tranche del suo collocamento privato non mediato, raccolgendo ulteriori $215,000 tramite l'emissione di 4.300.000 unità a $0,05 per unità. Ciò porta il totale raccolto a $1.023.000 da 20.460.000 unità in entrambe le tranche. Ogni unità include un'azione comune e un warrant, quest'ultimo esercitabile a $0,10 fino al 16 settembre 2026. L'azienda prevede di utilizzare i proventi per la manutenzione della proprietà, la preparazione per un programmato programma di perforazione e il capitale circolante generale. I titoli di questa tranche sono soggetti a un periodo di blocco di quattro mesi che termina il 16 gennaio 2025.
American Potash Corp. (CSE:KCL, OTC PINK:APCOF, FRA:2P3) ha cerrado con éxito la última tranche de su colocación privada no mediada, recaudando $215,000 adicionales mediante la emisión de 4,300,000 unidades a $0.05 por unidad. Esto eleva el total recaudado a $1,023,000 de 20,460,000 unidades en ambas tranches. Cada unidad incluye una acción ordinaria y un warrant, siendo este último ejercitable a $0.10 hasta el 16 de septiembre de 2026. La empresa planea utilizar los ingresos para mantenimiento de propiedad, posicionamiento para un programa de perforación planificado y capital de trabajo general. Los valores de esta tranche están sujetos a un periodo de retención de cuatro meses que finaliza el 16 de enero de 2025.
American Potash Corp. (CSE:KCL, OTC PINK:APCOF, FRA:2P3)는 비중개 프라이빗 플래이스먼트의 최종 트랜치를 성공적으로 마감했습니다. 이를 통해 4,300,000 유닛을 유닛당 $0.05에 발행하여 추가로 $215,000을 모금했습니다. 이렇게 해서 두 트랜치에서 총 $1,023,000이 모였습니다 (20,460,000 유닛). 각 유닛은 보통주 1주와 1개의 워런트를 포함하지만, 후자는 $0.10에 2026년 9월 16일까지 행사 가능하다. 회사는 이러한 수익금을 자산 유지, 계획된 시추 프로그램 준비 및 일반 운영 자금에 사용할 계획입니다. 이 트랜치의 증권은 2025년 1월 16일까지 4개월의 보유 기간이 적용됩니다.
American Potash Corp. (CSE:KCL, OTC PINK:APCOF, FRA:2P3) a réussi à clôturer la dernière tranche de son placement privé non intermédié, levant 215 000 $ supplémentaires par l'émission de 4 300 000 unités à 0,05 $ par unité. Cela porte le montant total levé à 1 023 000 $ avec 20 460 000 unités dans les deux tranches. Chaque unité comprend une action ordinaire et un warrant, ce dernier étant exerçable à 0,10 $ jusqu'au 16 septembre 2026. L'entreprise prévoit d'utiliser le produit pour l'entretien des propriétés, le positionnement pour un programme de forage prévu et le fonds de roulement général. Les titres de cette tranche sont soumis à une période de blocage de quatre mois se terminant le 16 janvier 2025.
Die American Potash Corp. (CSE:KCL, OTC PINK:APCOF, FRA:2P3) hat erfolgreich die letzte Tranche abgeschlossen ihres nicht vermittels Privatplatzierungsangebots und 215.000 $ zusätzlich gesammelt durch die Emission von 4.300.000 Einheiten zu je 0,05 $. Dies bringt den insgesamt gesammelten Betrag auf 1.023.000 $ von 20.460.000 Einheiten in beiden Tranchen. Jede Einheit enthält eine Stammaktie und ein Warrant, wobei letzterer bis zum 16. September 2026 zu 0,10 $ ausgeübt werden kann. Das Unternehmen plant, die Einnahmen für die Instandhaltung von Grundstücken, die Vorbereitung eines geplanten Bohrprogramms und das allgemeine Betriebskapital zu verwenden. Die Wertpapiere dieser Tranche unterliegen einer viermonatigen Haltedauer, die am 16. Januar 2025 endet.
- Successfully raised $1,023,000 in total through the private placement
- Upsized the final tranche, indicating strong investor interest
- No finder's fees paid, potentially reducing costs associated with the fundraising
- Proceeds will support property maintenance and planned drill program
- Dilution of existing shareholders due to issuance of new shares
- Warrants may lead to further dilution if exercised in the future
VANCOUVER, BC / ACCESSWIRE / September 16, 2024 / American Potash Corp. ("American Potash"or the"Company") (CSE:KCL)(OTC PINK:APCOF)(FRA:2P3) is pleased to announce that it has upsized and closed the second and final tranche of its previously announced non-brokered private placement (the "Private Placement") through the issuance of 4,300,000 units ("Units") at a price of
The Company did not pay any finder's fees in connection with the closing of the final tranche. All securities issued pursuant to the final tranche of the Private Placement are subject to a statutory hold period of four months, expiring on January 16, 2025.
The Company intends to use the net proceeds of the Private Placement to pay all annual good standing fees and costs relating to its properties, to position the Company for its planned drill program and for general working capital purposes.
On behalf of the Board of Directors
Simon Clarke, President & CEO
Contact: (604)-551-9665
Cautionary Statements Regarding Forward Looking Information
This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the statements regarding completion of the Private Placement and the use of the net proceeds of the Private Placement. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by the Company in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include the Company's ability to locate suitable investors for the Private Placement or obtain the approval of the Canadian Securities Exchange, management's discretion to re-allocate the net proceeds of the Private Placement, as well as those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.
SOURCE: American Potash Corp.
View the original press release on accesswire.com
FAQ
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