On November 23, 2023, American Potash Corp. closed the transaction. The company amended the terms of the transaction and issued 10,800,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 540,000.

The Company has paid a 8% finder's fee to Haywood Securities Inc. in connection with proceeds raised by the company from investors introduced to the company by Haywood, consisting of a cash amount of CAD 37,600 and non-transferable broker warrants in the amount of 752,000. An insider of the company has subscribed for units pursuant to the Private Placement. Each unit consists of one common share and one transferable common share purchase warrant.

Each warrant is exercisable into one additional common share at an exercise price of CAD 0.075 until November 23, 2026. All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months, expiring on March 23, 2024.