Sage Potash Shares to Resume Trading
Sage Potash Corp. (TSXV: SAGE) (OTC: SGPTF) announces the resumption of trading for its common shares on the TSX Venture Exchange on September 11, 2024, at 8 a.m. EST. The trading halt, initiated on September 9, was due to the TSXV's review of the company's $12.6 million equipment purchase from a subsidiary of International Process Plants as a 'Fundamental Acquisition'.
Sage Potash also reported a non-brokered private placement of 37.6 million common shares at $0.20 each, raising $7.52 million, and convertible debentures worth $3.78 million. The total gross proceeds of $11.3 million will fund the equipment purchase and related expenses. The private placement and purchase agreement are subject to TSXV acceptance, with securities issued under a four-month hold period.
Sage Potash Corp. (TSXV: SAGE) (OTC: SGPTF) annuncia la ripresa della negoziazione delle sue azioni ordinarie sul TSX Venture Exchange il 11 settembre 2024, alle 8:00 EST. La sospensione delle negoziazioni, iniziata il 9 settembre, è stata causata dalla revisione da parte del TSXV dell'acquisto di attrezzature da 12,6 milioni di dollari da una sussidiaria di International Process Plants come 'Acquisizione Fondamentale'.
Sage Potash ha inoltre riportato un private placement non mediato di 37,6 milioni di azioni ordinarie a 0,20 dollari ciascuna, raccogliendo 7,52 milioni di dollari, e obbligazioni convertibili per un valore di 3,78 milioni di dollari. I proventi lordi totali di 11,3 milioni di dollari finanzieranno l'acquisto dell'attrezzatura e le spese correlate. Il private placement e il contratto di acquisto sono soggetti all'approvazione del TSXV, con titoli emessi sotto un periodo di blocco di quattro mesi.
Sage Potash Corp. (TSXV: SAGE) (OTC: SGPTF) anuncia la reanuda de la negociación de sus acciones ordinarias en la TSX Venture Exchange el 11 de septiembre de 2024, a las 8 a.m. EST. La suspensión de la negociación, iniciada el 9 de septiembre, se debió a la revisión del TSXV sobre la compra de equipo de 12,6 millones de dólares a una subsidiaria de International Process Plants como 'Adquisición Fundamental'.
Sage Potash también informó sobre una colocación privada no intermediada de 37,6 millones de acciones ordinarias a 0,20 dólares cada una, recaudando 7,52 millones de dólares, y bonos convertibles por valor de 3,78 millones de dólares. Los ingresos brutos totales de 11,3 millones de dólares se destinarán a la compra de equipo y los gastos relacionados. La colocación privada y el contrato de compra están sujetos a la aceptación del TSXV, con valores emitidos bajo un periodo de bloqueo de cuatro meses.
Sage Potash Corp. (TSXV: SAGE) (OTC: SGPTF)는 2024년 9월 11일 오전 8시 EST에 TSX Venture Exchange에서 보통주 거래 재개를 발표했습니다. 9월 9일에 시작된 거래 중단은 TSXV가 International Process Plants의 자회사에서의 1,260만 달러 장비 구매를 '기본적인 인수'로 검토한 것에 기인합니다.
Sage Potash는 또한 0.20달러에 3,760만 주의 비중개 사모펀드를 통해 752만 달러를 모금하고, 378만 달러의 전환사채를 발행했습니다. 총 1,130만 달러의 총 수익은 장비 구매 및 관련 비용에 사용될 것입니다. 사모펀드와 구매 계약은 TSXV 승인을 받아야 하며, 발행된 증권은 4개월의 보유 기간이 적용됩니다.
Sage Potash Corp. (TSXV: SAGE) (OTC: SGPTF) annonce la reprise des échanges de ses actions ordinaires sur le TSX Venture Exchange le 11 septembre 2024 à 8h00 EST. L'arrêt des échanges, initié le 9 septembre, était dû à l'examen par le TSXV de l'achat d'équipements de 12,6 millions de dollars auprès d'une filiale d'International Process Plants comme 'Acquisition Fondamentale'.
Sage Potash a également rapporté une placement privé non intermédié de 37,6 millions d'actions ordinaires à 0,20 dollar chacune, levant 7,52 millions de dollars, et des obligations convertibles d'une valeur de 3,78 millions de dollars. Les produits bruts totaux de 11,3 millions de dollars serviront à financer l'achat d'équipements et les dépenses connexes. Le placement privé et le contrat d'achat sont soumis à l'acceptation du TSXV, avec des valeurs mobilières émises sous une période de blocage de quatre mois.
Sage Potash Corp. (TSXV: SAGE) (OTC: SGPTF) gibt die Wiederaufnahme des Handels mit seinen Stammaktien an der TSX Venture Exchange am 11. September 2024 um 8 Uhr EST bekannt. Die Handelsunterbrechung, die am 9. September eingeleitet wurde, war auf die Überprüfung durch das TSXV bezüglich des Gerätekaufs über 12,6 Millionen Dollar von einer Tochtergesellschaft von International Process Plants als 'Fundamentale Akquisition' zurückzuführen.
Sage Potash berichtete auch von einer nicht vermittelten Privatplatzierung von 37,6 Millionen Stammaktien zu je 0,20 Dollar, die 7,52 Millionen Dollar einbrachte, sowie von wandelbaren Anleihen im Wert von 3,78 Millionen Dollar. Die brutto Einnahmen von 11,3 Millionen Dollar werden den Kauf von Geräten und damit verbundene Ausgaben finanzieren. Die Privatplatzierung und der Kaufvertrag unterliegen der Genehmigung des TSXV, wobei die ausgegebenen Wertpapiere einer Viermonats-Haltefrist unterliegen.
- Resumption of trading on TSX Venture Exchange
- Successful equipment purchase worth $12.6 million
- Raised $11.3 million through private placement and convertible debentures
- Trading halt due to TSXV review of equipment purchase
- Potential dilution of existing shareholders due to new share issuance
The shares were halted from trading on September 9, 2024, as a result of the TSXV's request to review the transaction between the Company and a subsidiary of International Process Plants ("IPP") as a "Fundamental Acquisition", as that term is defined under TSXV policies. The Company's purchase of equipment from IPP for
In the same news release, the Company announced a non-brokered private placement (the "Private Placement") of 37.6 million common shares at
The Private Placement is integral to the proposed transactions under the Purchase Agreement and thus the Company will be relying on the "part and parcel pricing exception" provided for in the policies of the TSXV. The Private Placement and transactions contemplated under the Purchase Agreement are subject to acceptance by the TSXV. All securities issued under the Private Placement and the Purchase Agreement will be subject to a hold period of four months.
This news release follows the news release on September 9 2024 "Sage Potash Announces Equipment Purchase And Financing."
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
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.
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