Potash Ridge Secures $1.4 Million to Advance Blawn Mountain Project, Utah
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Potash Ridge Corporation has closed a non-brokered private placement of units for gross proceeds of up to $1.4 million.
To date, $1.2 million has been received in respect of the initial closing, with a second closing expected to occur on or about May 25, 2016, subject to receipt of any final applicable regulatory approvals.
The proceeds from the private placement will be used to advance the company’s wholly-owned Valleyfield Fertilizer and Blawn Mountain projects and for general corporate purposes.
About Potash Ridge
Potash Ridge’s strategy is to become a premier producer of sulphate of potash or SOP in North America. The company owns two SOP projects: the Valleyfield Project that plans to produce SOP through the Mannheim Process; and the Blawn Mountain Project in Utah that plans to produce SOP by processing an alunite material. Potash Ridge has a highly qualified and proven management team in place with significant financial, project management and operational experience and the ability to take projects into production.
To stop by Potash Ridge’s website, CLICK HERE
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