Western Potash Corp. Announces Closing of CAD$10 Million Exchangeable Debenture
VANCOUVER, British Columbia, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Western Resources Corp. (the "Company") (TSX: WRX) is pleased to announce that Western Potash Corp. ("Western Potash"), the Company's 100% owned subsidiary, received the second tranche of funds in the amount of CAD$5 million from Vantage Chance Limited ("Vantage"). The transaction, set out in the Company's news release of August 15, 2023, has now closed.
On August 15th, 2023, Western Potash signed an exchangeable debenture subscription agreement with Vantage, pursuant to which Vantage agreed to subscribe for a CAD$10 million exchangeable debenture (the "Exchangeable Debenture") to be issued by Western Potash upon receipt of the full amount. Western Potash received the first tranche payment of CAD$5 million in September 2023. This CAD$5 million payment is the second and final payment required to be made by Vantage to Western Potash under the terms of the Exchangeable Debenture.
The Company will file the Exchangeable Debenture under the Company's profile on SEDAR+ at www.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
Bill Xue Chairman and CEO
For more information on the contents of this release please contact Jack Xue, Corporate Secretary, at 306-924-9378.
International Battery Metals Ltd. , today announced an agreement with US Magnesium LLC (US Mag) for the installation of its first-of-its-kind, patented modular direct lithium extraction (DLE) plant installed at a brine resource. The mobile facility...
The global rupture disc market size is estimated to grow by USD 88.91 million from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of almost 2.97% during the forecast period....
South Star Battery Metals Corp. ("South Star" or the "Company") is pleased to announce the execution of a binding sales agreement (the "Agreement") for the initial purchase of 100 tonnes of the Company's graphite...
Maxiforce, the trusted name in diesel engine parts, is excited to announce the release of its new line of overhaul kits for John Deere® Power Tech engines, including the 6068, 4045, and 4045T models, as well as new kits for Cummins® 5.9 engines....
ZK International Group Co., Ltd. ("ZKIN," "ZK International" or the "Company"), a global leader in the design, manufacture, and sale of high-performance stainless steel and carbon steel pipe products, announces today that it has been granted an...
SKF Lincoln is thrilled to announce the launch of our two newest innovations in air hose technology: the premium nitrile rubber and hybrid hoses promise unparalleled performance and durability plus are environmentally responsible. Their new design...
