MERICAN POTASH CLOSES AND OVERSUBSCRIBES ON $1,292,000 PP American Potash closes private placement for $1.29M
American Potash Corp (2) (C:AMP)
Shares Issued 28,226,152
Last Close 8/9/2017 $0.22
Wednesday August 9 2017 - News Release
Mr. Rudy de Jonge reports
AMERICAN POTASH CLOSES AND OVERSUBSCRIBES ON $1,292,000 PRIVATE PLACEMENT
American Potash Corp. has closed its previously announced non-brokered private placement for 12.92 million units at a price of 10 cents per unit to raise total proceeds of $1,292,000.
Each unit will be composed of one common share of the issuer and one common share purchase warrant of the issuer. Each warrant will be exercisable into a common share of the company for a period of 12 months at an exercise price of 15 cents during the one year.
Shares issued pursuant to this private placement are subject to a four-month hold period from the closing date in accordance with applicable securities laws and, if required, the policies of the exchange. Finders' fees or commissions may be payable by the company in connection with this private placement.
The proceeds of this private placement are for property, general purposes and working capital.
We seek Safe Harbor.American Potash Corp. has closed its previously announced non-brokered private placement for 12.92 million units at a price of 10 cents per unit to raise total proceeds of $1,292,000.
Each unit will be composed of one common share of the issuer and one common share purchase warrant of the issuer. Each warrant will be exercisable into a common share of the company for a period of 12 months at an exercise price of 15 cents during the one year.
Shares issued pursuant to this private placement are subject to a four-month hold period from the closing date in accordance with applicable securities laws and, if required, the policies of the exchange. Finders' fees or commissions may be payable by the company in connection with this private placement.
The proceeds of this private placement are for property, general purposes and working capital.
We seek Safe Harbor.