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Sage Potash Corp (TSXV: SAGE) (OTCQB: SGPTF) has announced a non-brokered private placement offering of up to 16,000,000 common shares at $0.25 per share, aiming to raise gross proceeds of up to $4 million. The funds will be allocated for exploration activities and general working capital purposes.
The company may pay finders’ fees in cash and/or securities. All issued securities will have a four-month and one-day hold period from issuance. Company directors and officers may participate in the offering, which is considered a “related party transaction” under MI 61-101. The offering is expected to be exempt from formal valuation and minority shareholder approval requirements, pending TSX Venture Exchange acceptance.
Sage Potash Corp (TSXV: SAGE) (OTCQB: SGPTF) ha annunciato un’offerta privata non mediata di un massimo di 16.000.000 azioni ordinarie a 0,25 $ per azione, con l’obiettivo di raccogliere proventi lordi fino a 4 milioni di dollari. I fondi saranno destinati ad attività di esplorazione e a scopi di capitale circolante generale.
La società potrà corrispondere commissioni ai procacciatori in contanti e/o titoli. Tutti i titoli emessi avranno un periodo di blocco di quattro mesi e un giorno dalla data di emissione. I direttori e gli ufficiali della società potranno partecipare all’offerta, che è considerata una “operazione con parti correlate” ai sensi del MI 61-101. Si prevede che l’offerta sia esente dai requisiti di valutazione formale e dall’approvazione degli azionisti di minoranza, in attesa dell’accettazione da parte della TSX Venture Exchange.
Sage Potash Corp (TSXV: SAGE) (OTCQB: SGPTF) ha anunciado una colocación privada no intermediada de hasta 16.000.000 acciones ordinarias a $0.25 por acción, con el objetivo de recaudar ingresos brutos de hasta $4 millones. Los fondos se destinarán a actividades de exploración y capital de trabajo general.
La empresa podrá pagar comisiones a los intermediarios en efectivo y/o valores. Todos los valores emitidos tendrán un período de retención de cuatro meses y un día desde la emisión. Los directores y funcionarios de la empresa podrán participar en la oferta, que se considera una “transacción con partes relacionadas” según MI 61-101. Se espera que la oferta esté exenta de los requisitos de valoración formal y aprobación de accionistas minoritarios, sujeto a la aceptación de la TSX Venture Exchange.
Sage Potash Corp (TSXV: SAGE) (OTCQB: SGPTF)는 중개인 없이 진행하는 최대 16,000,000 보통주를 주당 0.25달러에 발행하는 사모증자 계획을 발표했으며, 총 400만 달러의 자금 조달을 목표로 하고 있습니다. 조달된 자금은 탐사 활동 및 일반 운영 자본으로 사용될 예정입니다.
회사는 소개자 수수료를 현금 및/또는 증권으로 지급할 수 있습니다. 발행된 모든 증권은 발행일로부터 4개월 1일간의 보유 기간이 적용됩니다. 회사 이사 및 임원들도 이번 공모에 참여할 수 있으며, 이는 MI 61-101에 따른 “관련 당사자 거래”로 간주됩니다. TSX 벤처 거래소의 승인 대기 중이며, 이번 공모는 공식 평가 및 소수주주 승인 요건에서 면제될 것으로 예상됩니다.
Sage Potash Corp (TSXV : SAGE) (OTCQB : SGPTF) a annoncé une offre privée sans courtier portant sur jusqu’à 16 000 000 actions ordinaires à 0,25 $ par action, visant à lever un produit brut pouvant atteindre 4 millions de dollars. Les fonds seront alloués aux activités d’exploration et aux besoins généraux en fonds de roulement.
La société pourra verser des commissions aux intermédiaires en espèces et/ou en titres. Tous les titres émis seront soumis à une période de détention de quatre mois et un jour à compter de leur émission. Les administrateurs et dirigeants de la société peuvent participer à l’offre, qui est considérée comme une « transaction avec une partie liée » selon le MI 61-101. L’offre devrait être exemptée des exigences d’évaluation formelle et d’approbation des actionnaires minoritaires, sous réserve de l’acceptation par la TSX Venture Exchange.
Sage Potash Corp (TSXV: SAGE) (OTCQB: SGPTF) hat eine nicht vermittelte Privatplatzierung von bis zu 16.000.000 Stammaktien zu 0,25 $ pro Aktie angekündigt, mit dem Ziel, Bruttoerlöse von bis zu 4 Millionen $ zu erzielen. Die Mittel werden für Explorationsaktivitäten und allgemeine Betriebskapitalzwecke verwendet.
Das Unternehmen kann Vermittlungsgebühren in bar und/oder Wertpapieren zahlen. Alle ausgegebenen Wertpapiere unterliegen einer Haltefrist von vier Monaten und einem Tag ab Ausgabe. Direktoren und Führungskräfte des Unternehmens können an dem Angebot teilnehmen, das gemäß MI 61-101 als “Transaktion mit verbundenen Parteien” gilt. Das Angebot wird voraussichtlich von den Anforderungen einer formellen Bewertung und der Zustimmung der Minderheitsaktionäre ausgenommen sein, vorbehaltlich der Annahme durch die TSX Venture Exchange.
Positive
- Raising up to $4 million in fresh capital for exploration and working capital
- Offering price of $0.25 per share provides clear valuation metric
Negative
- Potential dilution for existing shareholders with 16 million new shares
- Related party transaction with directors and officers potentially participating in the offering
Vancouver, British Columbia–(Newsfile Corp. – May 9, 2025) – Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) (“Sage Potash” or the “Company“) is pleased to announce a non-brokered private placement of up to 16,000,000 common shares of the Company at a price of $0.25 each for gross proceeds of up to $4 million (the “Offering“).
Proceeds of the Offering will be used for exploration and general working capital purposes. The Company may pay finders’ fees in cash and/or securities of the Company in connection with the Offering. 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.
Certain directors and officers of the Company may acquire securities under the Offering. Any such participation will be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101“). The Company expects that the Offering will be exempt 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 expected fair market value of securities being issued to related parties nor the consideration being paid by related parties would exceed 25% of the Company’s market capitalization.
Closing of the Offering is subject to TSX Venture Exchange acceptance.
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.sedarplus.ca) or contact the Company by email at info@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 “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, ”expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, ”projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect to future events or future performance of Sage Potash and with respect to the Offering, including the use of proceeds thereof and the proposed issuance of securities. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading “Risk Factors and Uncertainties” in the Company’s Management’s Discussion & Analysis available for review under the Company’s profile at www.sedarplus.ca. Such forward-looking information represents management’s best judgement based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
For media inquiries, please contact: Marcus van der Made, Investor Relations of Sage Potash Corp. – marcus@sagepotash.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251628
FAQ
What is the size and price of SGPTF’s private placement offering?
Sage Potash is offering up to 16,000,000 common shares at $0.25 per share, aiming to raise gross proceeds of up to $4 million.
How will Sage Potash (SGPTF) use the proceeds from the private placement?
The proceeds will be used for exploration activities and general working capital purposes.
What is the hold period for securities issued in SGPTF’s offering?
All securities issued under the offering will have a hold period of four months and one day from the date of issuance.
Why is SGPTF’s offering considered a related party transaction?
The offering is considered a related party transaction because company directors and officers may participate in acquiring securities under the offering.
