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Sage Potash Corp. ( (TSE:SAGE) ) just unveiled an announcement.
Sage Potash Corp. has successfully closed a C$2.5 million private placement, issuing over 12 million common shares at C$0.20 each. The proceeds will be allocated for general working capital, with the transaction receiving conditional approval from the TSX Venture Exchange. One insider participated in the offering, classified as a related party transaction, but the company relied on exemptions due to its market capitalization. This development supports Sage’s operations and financial positioning, potentially strengthening their market presence and stakeholder confidence.
More about Sage Potash Corp.
Sage Potash Corp. is a potash development company focused on the Sage Plain Property in the Paradox Basin, Utah. It aims to enhance domestic potash supply for American food security through sustainable solution mining techniques.
YTD Price Performance: 0.0%
Average Trading Volume: 119,097
Technical Sentiment Consensus Rating: Strong Sell
For an in-depth examination of SAGE stock, go to TipRanks’ Stock Analysis page.