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OPC Organic Potash Corp

0.005
0.00 (0.00%)
17 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Organic Potash Corp CSE:OPC CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.005 0.005 0.01 0 21:00:08

OPC Announces Closing of its Non-Brokered Convertible Debenture Offering

05/02/2013 3:00pm

Marketwired Canada


Organic Potash Corporation (CNSX:OPC) ("OPC" or the "Corporation") today
announced that it has closed a final tranche for gross proceeds of Three Hundred
Thousand Dollars ("$300,000") CDN of its previously-announced convertible
debenture offering for aggregate proceeds of Eight Hundred and Seventy Thousand
Dollars ("$870,000") CDN (the "Financing"). The Financing consisted of secured
convertible debentures (the "Debentures"), which mature on May 31, 2015.


The Debentures bear interest at a rate of 10% per annum, payable semi-annually,
and are convertible at any time into common shares at a conversion price of
$0.10 per unit at the option of the holder. Each unit consists of one common
share and one half of one warrant. 


The Financing was non-brokered and the net proceeds are to be used to complete
the Corporation's K2 prototype plant and general corporate purposes.


About Organic Potash Corporation

Through its proprietary patented technology, Organic Potash Corporation produces
99%+ pure potassium carbonate (potash) from the ash of agricultural waste, in
particular, cocoa husks. The purity of the company's potassium carbonate will
allow Organic Potash Corporation to target multiple industries including the
Agricultural and Pharmaceutical industry. Organic Potash Corporation is
headquartered in Toronto, Ontario and its shares trade on the Canadian National
Stock Exchange under the trading symbol "OPC". For further information, please
visit the company website at www.organicpotash.com.


Forward-Looking Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. The forward-looking statements
contained herein are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this document are made as
of the date of this document and the Corporation disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by applicable securities legislation. Although Management believes that
the expectations represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be correct. This
news release does not constitute an offer to sell or solicitation of an offer to
buy any of the securities described herein and accordingly undue reliance should
not be put on such.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Organic Potash Corporation
Mrs. Heather Welner
President and CEO
(905) 452-8060
heather.welner@organicpotash.com
www.organicpotash.com

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