Sage Potash Grants Stock Options

Rhea-AI Summary

On June 7, 2024, Sage Potash Corp. (TSXV: SAGE, OTC: SGPTF) announced the granting of 500,000 stock options to its directors, officers, employees, and consultants. These options, part of the company's stock option plan, have an exercise price of $0.295 per share and will expire on June 6, 2027.

Positive

• Granting 500,000 stock options to staff shows commitment to incentivizing and retaining talent.
• Setting the exercise price at $0.295 per share aligns well with current market conditions.

Negative

• Stock options can cause potential dilution of existing shares.
• The exercise price may limit immediate profitability if the market price does not increase significantly.

VANCOUVER, BC, June 7, 2024 /PRNewswire/ - Sage Potash Corp., (TSXV: SAGE) (OTC: SGPTF) ("Sage" or the "Company") has granted an aggregate of 500,000 stock options to certain directors, officers, employees and consultants pursuant to the Company's stock option plan. The stock options have an exercise price of $0.295 per share and an expiry date of June 6, 2027.

About Sage Potash Corp.

Sage Potash is a Canadian company vested solely in the Sage Plain Property and intends through sustainable solution mining techniques to become a prominent domestic potash producer within the Paradox Basin situated in Utah. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) 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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

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SOURCE Sage Potash Corp.

FAQ

What did Sage Potash announce on June 7, 2024?

Sage Potash announced the granting of 500,000 stock options to directors, officers, employees, and consultants.

What is the exercise price of the newly granted Sage Potash stock options?

The exercise price of the stock options is $0.295 per share.

When do the Sage Potash stock options expire?

The stock options will expire on June 6, 2027.

How many stock options did Sage Potash grant?

Sage Potash granted a total of 500,000 stock options.

Which stock symbol is associated with the Sage Potash stock options announcement?

The stock symbol associated is SGPTF.