Agoracom: Small Cap Investment - Western Potash Corporation - closes $2.8-million private placement

Western Potash Corporation

Acquisition, evaluation and exploration of potash mineral properties in Western Canada.

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closes $2.8-million private placement

posted on Jan 19, 2009 08:17AM

Western Potash closes $2.8-million private placement

2008-12-31 17:51 ET - News Release

Mr. J. Patricio Varas reports

WESTERN POTASH CORP. CLOSES PRIVATE PLACEMENT

Western Potash Corp. has closed the flow-through private placement it detailed in Stockwatch on Dec. 23, 2008. The company has issued a total of 8,514,850 shares for total proceeds of $2,809,900.50. In connection with this private placement the company paid a finder's fee to Wellington West Capital Markets Inc., in the amount of $168,594.03.

All securities from this placement are subject to a four-month hold period that will expire on April 30, 2008.

The proceeds from the private placement will be used for the exploration of the company's potash properties in Manitoba and Saskatchewan.

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