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Sage Potash Corp. ( (TSE:SAGE) ) just unveiled an update.
Sage Potash Corp. has decided to pursue a more financially advantageous equipment leaseback arrangement instead of a direct purchase transaction as initially planned. This strategic shift involves terminating the previous purchase agreement with International Process Plants and negotiating new terms that may require approval from the TSX Venture Exchange. The company also plans to proceed with a non-brokered private placement of common shares.
More about Sage Potash Corp.
Sage Potash Corp. operates within the potash industry, focusing on the exploration and development of potash resources. The company aims to supply potash, a key agricultural fertilizer, to meet agricultural demands.
YTD Price Performance: 0.0%
Average Trading Volume: 138,281
Technical Sentiment Consensus Rating: Strong Sell
Learn more about SAGE stock on TipRanks’ Stock Analysis page.
