Sage Potash increases private placement to $12-million

Executive Summary

• Sage Potash Corp. has upsized its non-brokered private placement from $10 million to $12 million due to significant investor interest.
• The offering consists of 60 million units priced at $0.20 per unit, with proceeds designated for engineering recommendations, drilling, and working capital.
• Each unit includes one common share and one non-transferable warrant exercisable at $0.30 per share for three years.

Key Details

• Transaction Type: Non-brokered private placement.
• Total Gross Proceeds: $12 million (upsized from $10 million).
• Unit Price: $0.20 per unit.
• Total Units Issued: Up to 60 million units.
• Warrant Terms: Each unit includes one non-transferable common share purchase warrant.
  • Exercise Price: $0.30 per common share.
  • Term: Three years from the date of closing.
  • Transferability: Non-transferable.
• Hold Period: Four months and one day from the date of issuance under applicable securities laws.
• Use of Proceeds:
  • Commencing work on key recommendations from the preliminary economic assessment by Respec LLC (filed Nov 6, 2025).
  • Specific activities include drilling a stratigraphic hole, drill core analysis, testing, and engineering review.
  • Working capital and general and administrative expenses.
• Finder’s Fees: The company may pay finders' fees in cash and/or securities.
• Regulatory Status: Closing is subject to TSX Venture Exchange acceptance.

Notable Quotes

• No direct quotes from management were included in the provided text.