Sage Potash Corp Stock Price, News & Analysis

Sage Potash (OTCQB: SGPTF) has successfully closed a C$6 million non-brokered private placement, upsized from the initial C$4M target due to strong investor interest. The offering consisted of 24 million units at C$0.25 per unit, with each unit comprising one common share and half a warrant exercisable at C$0.35 for two years.

The company paid C$285,860 in finders' fees and issued 1,132,820 broker warrants. The proceeds will fund the development of the Sage Plain Potash Project in Utah's Paradox Basin, including field activities, technical planning, permitting, and working capital requirements. RCI Capital has been retained as a financial advisor for future development financings and strategies.

Sage Potash Corp (SGPTF) has announced a second upsize of its non-brokered private placement offering from $5M to $6M due to strong investor interest. The offering will comprise up to 24M units at $0.25 per unit, with each unit including one common share and half a warrant. Each full warrant allows purchase of one common share at $0.35 within two years of closing. Proceeds will fund the Sage Plain project development, strategic exploration, infrastructure planning, and working capital. The offering includes a four-month hold period, potential finders' fees, and possible participation from company directors and officers. CEO Peter Hogendoorn attributes the upsizing success to market recognition of the company's vision and strategic position in domestic potash production.

Sage Potash Corp (SGPTF) has increased its previously announced non-brokered private placement from $4 million to $5 million due to strong investor interest. The offering will now consist of up to 20 million units at $0.25 per unit, with each unit including one common share and half of a warrant. Each whole warrant allows purchase of one common share at $0.35 within two years of closing.

The proceeds will fund the development of the Sage Plain project, strategic exploration activities, and working capital requirements. The securities will have a four-month hold period, and company directors and officers may participate in the offering. The closing is subject to TSX Venture Exchange approval.

Sage Potash Corp (TSXV: SAGE) (OTCQB: SGPTF) has updated its previously announced non-brokered private placement offering. The company will now offer up to 16,000,000 units at $0.25 per unit, with each unit comprising one common share and one-half warrant. Each whole warrant allows purchase of one common share at $0.35 for 2 years from closing. The offering aims to raise up to $4 million for exploration and working capital. The securities will have a four-month hold period, and company directors/officers may participate. Finders' fees may be paid in cash/securities. The offering requires TSX Venture Exchange approval.

Sage Potash Corp (TSXV: SAGE) (OTCQB: SGPTF) has announced shares for debt transactions involving the issuance of 1,222,222 common shares at a deemed price of $0.27 per share. The shares will be issued to settle financial advisory, consulting, and management fees, with one recipient being a company officer. This transaction constitutes a "related party transaction" under MI 61-101, though it's expected to be exempt from formal valuation and minority shareholder approval requirements. All issued shares will be subject to a four-month hold period, and the transaction requires TSX Venture Exchange approval.

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) (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) has appointed Rod Reum as Chief Financial Officer, bringing 40 years of international finance leadership experience to the company as it progresses into the construction phase of its Sage Plain Project in Utah. The company has also retained Terrarock Industries, led by strategic operations partner Shilo Sazwan, to manage the construction and commissioning of its Muriate of Potash pilot plant.

Mr. Reum's extensive experience includes leading high-growth start-ups and large international partnerships across various industries. He replaces Mr. Grossholtz, who has served as CFO since November 2021. Sage Potash has also granted 4,350,000 stock options to certain directors, officers, employees, and consultants with an exercise price of $0.25 per share and an expiry date of October 17, 2026.

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.