American Potash Announces Upsizing and Closing of Final Tranche of Private Placement

Vancouver, BC – American Potash Corp. has announced the upsizing and closing of the second and final tranche of its previously announced non-brokered private placement. The company raised $215,000 through the issuance of 4,300,000 units at $0.05 per unit. This brings the total funds raised to $1,023,000, through the issuance of 20,460,000 units. Each unit includes one common share and one common share purchase warrant, with the warrant exercisable at $0.10 until September 16, 2026.

No finder's fees were paid in connection with this final tranche. Securities issued are subject to a statutory four-month hold period, expiring January 16, 2025. The company plans to use the net proceeds to cover good standing fees, property costs, and preparations for a planned drill program, as well as for general working capital purposes.