American Potash upsizes private placement
American Potash (OTCPK:APCOF) upsized and closed the second and final tranche of its previously announced non-brokered private placement through the issuance of 4.3M at a price of $0.05 per unit. Gross proceeds expected of $215K. Together with the first tranche, the company has raised a total of ~$1M through the issuance of 20.46M units. Each unit consisted of one common share and one common share purchase warrant. Net proceeds will be used to pay all annual good standing fees and costs relating to its properties, to position the company for its planned drill program and for general working capital purposes.
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