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OPC Organic Potash Corp

0.005
0.00 (0.00%)
14 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 21:01:10

Organic Potash Corporation Announces $1,000,000 CDN Private Placement Financing

10/06/2013 8:30pm

Marketwired Canada


Organic Potash Corporation (CNSX:OPC) ("OPC" or the "Corporation") announced
today that the Corporation will undertake a non-brokered private placement to
raise gross proceeds of up to 10,000,000 common shares of the Corporation at a
price of $0.10 per share for total proceeds of up to one million dollars
("$1,000,000") CDN. 


Each unit will consist of one common share ("Share") and one-half of one common
share purchase warrant ("Warrant"). Each full Warrant entitles the holder to
subscribe for one Share of OPC for $0.30 per Share for a period of 18 months
following the closing date. If during the term of the Warrants the closing price
per Share on the CNSX or any stock exchange is not less than $0.45 for 10
consecutive trading days, Warrant holders will have 15 days to exercise their
Warrants, after which the Warrants will expire.


It is anticipated that the offering will close on or before June 20th, 2013.

All proceeds from the offering will be used to expand & improve current
commercial production capacity at OPC's Tema Production Plant, working capital
for inventory and production purposes, and for 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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