American Potash Corp. announced a non brokered private placement to issue 10,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on November 15, 2023. Each unit will consist of one common share and one common share purchase warrant.

Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.075 for a period of three years following closing of the private placement. The company may pay finders' fees in the amount of 8% in cash and issue finders' warrants equal to 8% of the number of units placed by such finder on all or a portion of the private placement. The finders' warrants will have the same terms of the warrants forming part of the units.

Completion of the private placement remains subject to the approval of the Canadian Securities Exchange.