American Potash Corp. announced a non-brokered private placement of up to 20,000,000 units at an issue price of CAD 0.05 for gross proceeds of up to CAD 1,000,000 on June 5, 2023. Each unit will consist of one common share and one half of a common share purchase warrant.

Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.10 for a period of three years following closing of the transaction. The company may pay finder's fees in the amount of 6% cash and issue finder's warrants equal to 6% of the number of units placed by such finder on all or a portion of the private placement. The transaction is subject to the approval of the Canadian Securities Exchange.