Sage Potash Corp. announced a non-brokered private placement of up to 4,687,500 units at a price of CAD 0.32 per unit for gross proceeds of up to CAD 1,500,000 on July 11, 2023. Each unit will consist of one common share and one-half of one common share purchase warrant.

Each warrant will entitles the holder to acquire one common share at an exercise price of CAD 0.5 per common share for a period of 2 years following the closing of the transaction. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange. All securities issued in the transaction will be subject to a hold period of 4-months and additional resale restrictions may be applicable depending on the jurisdiction in which the investor is resident.