Business
Sage Potash Closes Second and Final Tranche of Unit Offering
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Sage Potash Corp. (TSXV: SAGE)...
About this update from Sage Potash Corp.
[{"type":"text","content":"Sage Potash Closes Second and Final Tranche of Unit OfferingVancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) (\"Sage Potash\" or the \"Company\") is pleased to announce that further to its news releases of December 15, 2025, and December 23, 2025, the Company has closed a second and final tranche of its previously announced unit private placement financing (the \"Offering\"), issuing an additional 7,595,000 units of the Company (the \"Units\") at a price of $0.20 per Unit for gross proceeds of $1,519,000. The total aggregate issuance under the Offering is 65,031,000 Units for aggregate gross proceeds of $13,006,200. Each Unit consists of one common share in the capital of the Company (a \"Common Share\") and one non-transferable Common Share purchase warrant (a \"Warrant\"). Each Warrant is exercisable to purchase one Common Share at a price of $0.30 for a period of three (3) years from the date of closing of the Offering. Proceeds of the Offering will be used primarily to commence the work necessary to carry out key recommendations made by internationally recognized engineering firm, RESPEC LLC, in the Company's recently filed Preliminary Economic Assessment (see November 6, 2025, news release), including drilling of a stratigraphic hole, drill core analysis and testing and engineering review. The proceeds will also be used for working capital and for general and administrative expense purposes. In connection with the Offering, the Company paid applicable finders' fees and commissions in accordance with TSX Venture Exchange policies and applicable securities laws. The aggregate fees paid under the first and second tranches of the Offering consisted of payment of $733,704 in cash fees, issuance of 90,000 Common Shares and issuance of 3,749,520 finder's warrants. Each of these finder's warrants entitles the holder thereof to purchase one Common Share under the same terms as the Warrants.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 insiders of the Company acquired a total of 6,025,000 Units under the Offering (J. Patricio Varas, the Interim Chief Executive Officer of the Company, through his wholly-owned company, subscribed for an aggregate of 1,...