Sage Potash Closes C$2.5 Million Private Placement
Sage Potash Corp (TSXV: SAGE) (OTC: SGPTF) has successfully completed its non-brokered private placement, raising C$2,499,388 through the issuance of 12,496,940 common shares at C$0.20 per share. The company will use the proceeds for general working capital purposes.
In connection with the offering, Sage paid a cash finder's fee of $9,440 and issued 47,200 finder's warrants, exercisable at C$0.20 for 24 months. The securities are subject to a four-month hold period, and the TSX Venture Exchange has conditionally approved the offering. One company insider participated in the placement, qualifying as a related party transaction under MI 61-101, with exemptions from formal valuation and minority shareholder approval requirements.
Sage Potash Corp (TSXV: SAGE) (OTC: SGPTF) ha completato con successo il suo collocamento privato non intermediante, raccogliendo C$2.499.388 attraverso l'emissione di 12.496.940 azioni ordinarie a C$0,20 per azione. La società utilizzerà il ricavato per scopi generali di capitale circolante.
In relazione all'offerta, Sage ha pagato una commissione in contante di $9.440 e ha emesso 47.200 warrant per il ricercatore, esercitabili a C$0,20 per 24 mesi. I titoli sono soggetti a un periodo di blocco di quattro mesi e la Borsa valori TSX Venture ha approvato in via condizionale l'offerta. Un insider della società ha partecipato al collocamento, qualificandosi come una transazione tra parti correlate ai sensi della MI 61-101, con esenzioni da valutazioni formali e dalle richieste di approvazione degli azionisti di minoranza.
Sage Potash Corp (TSXV: SAGE) (OTC: SGPTF) ha completado con éxito su colocación privada no intermediada, recaudando C$2,499,388 a través de la emisión de 12,496,940 acciones comunes a C$0.20 por acción. La empresa utilizará los fondos para propósitos generales de capital operativo.
En relación con la oferta, Sage pagó una tarifa de búsqueda en efectivo de $9,440 y emitió 47,200 opciones de búsqueda, que se pueden ejercer a C$0.20 durante 24 meses. Los valores están sujetos a un período de retención de cuatro meses y la Bolsa de Valores TSX Venture ha aprobado condicionalmente la oferta. Un insider de la empresa participó en el colocamiento, calificando como una transacción entre partes relacionadas según la MI 61-101, con exenciones de valoración formal y de las aprobaciones de los accionistas minoritarios.
세이지 포타시 코퍼레이션 (TSXV: SAGE) (OTC: SGPTF)는 비중개 민간 배치를 성공적으로 완료하였으며, C$2,499,388를 모금하였습니다. 이는 C$0.20의 가격으로 12,496,940주의 보통주를 발행한 것입니다. 회사는 이 자금을 일반 운영 자본 용도로 사용할 것입니다.
이 제공과 관련하여, Sage는 $9,440의 현금 중개 수수료를 지급하였고, C$0.20로 24개월 동안 행사 가능한 47,200개의 중개권을 발행하였습니다. 이 증권은 4개월의 보유 기간에 따라 제한되며, TSX 벤처 거래소는 이 제공을 조건부로 승인하였습니다. 한 회사 내부자가 이 배치에 참여하였으며, 이는 MI 61-101에 따른 관련자 거래로 분류되며, 공식 평가와 소수 주주 승인 요구 사항에서 면제되었습니다.
Sage Potash Corp (TSXV: SAGE) (OTC: SGPTF) a réussi à achever son placement privé non intermédiaire, levant C$2.499.388 par l'émission de 12.496.940 actions ordinaires à C$0,20 par action. La société utilisera le produit pour des besoins généraux de fonds de roulement.
En lien avec l'offre, Sage a payé des frais de recherche en espèces de 9.440 $ et a émis 47.200 bons de recherche, exerçables à C$0,20 pendant 24 mois. Les titres sont soumis à une période de blocage de quatre mois, et la Bourse de valeurs TSX Venture a conditionnellement approuvé l'offre. Un initié de l'entreprise a participé au placement, squalifiant comme une transaction entre parties liées selon la MI 61-101, avec des exemptions à l'évaluation formelle et à l'approbation des actionnaires minoritaires.
Sage Potash Corp (TSXV: SAGE) (OTC: SGPTF) hat erfolgreich seine nicht vermittelte Privatplatzierung abgeschlossen und C$2.499.388 durch die Ausgabe von 12.496.940 Stammaktien zu einem Preis von C$0,20 pro Aktie gesammelt. Das Unternehmen wird die Erlöse für allgemeine Betriebskapitalzwecke verwenden.
Im Zusammenhang mit dem Angebot zahlte Sage eine bar finder's fee in Höhe von $9.440 und gab 47.200 finder’s warrants aus, die zu C$0,20 innerhalb von 24 Monaten ausgeübt werden können. Die Wertpapiere unterliegen einer viermonatigen Haltfrist, und die TSX Venture Exchange hat das Angebot bedingt genehmigt. Ein Unternehmensinsider nahm an der Platzierung teil, was als Transaktion zwischen verbundenen Parteien gemäß MI 61-101 qualifiziert wird, mit Ausnahmen von formellen Bewertungen und der Zustimmung von Minderheitsaktionären.
- Successfully raised C$2.5 million in private placement financing
- Received conditional approval from TSX Venture Exchange
- Insider participation demonstrates management confidence
- Share dilution from issuance of 12.5 million new common shares
- Additional potential dilution from 47,200 finder's warrants
Under the Offering, 12,496,940 common shares of the Company were issued at a price of
The proceeds of the Offering will be used for general working capital purposes.
In connection with the Offering, the Company paid an arm's length finder a cash fee of
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. The TSX Venture Exchange has conditionally approved the Offering, subject to customary final filings.
One insider of the Company participated in the Offering. The issuance of securities to such insider is a "related party transaction" as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Company is listed on the TSX Venture Exchange and neither the fair market value of securities issued to related parties nor the consideration being paid by related parties exceeds
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
About Sage Potash Corp.
Sage is a potash development company vested solely in the Sage Plain Property within the Paradox Basin situated in
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.
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SOURCE Sage Potash Corp.
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