American Potash Upsizes Private Placement to $1 Million

American Potash Corp. (CSE:KCL) has announced an increase in its non-brokered private placement, initially announced on August 7, 2024. The company plans to issue up to 20,000,000 units priced at $0.05 each, raising up to $1,000,000 in gross proceeds. Each unit will consist of one common share and one warrant, enabling the holder to purchase an additional share at $0.10 within two years.

The company may pay finder's fees up to 7% in cash and issue finder's warrants equivalent to 7% of the units placed. These warrants will share the same terms as those included in the units.

The funds will be used for permitting on its properties and working capital. This private placement is subject to approval by the Canadian Securities Exchange.