Sage Potash Announces Director Resignation and Grant of Stock Options
Sage Potash Corp (OTCQB: SGPTF), a Canadian company focused on developing the Sage Plain Potash Project in Utah's Paradox Basin, announced two key corporate updates. Director Clark Sazwan has resigned from the board to focus on personal matters. Additionally, the company has granted 3,500,000 stock options to undisclosed recipients at an exercise price of $0.28 per share, valid until July 7, 2030.
The company aims to become a prominent domestic potash producer in the Paradox Basin through sustainable solution mining techniques.
Sage Potash Corp (OTCQB: SGPTF), una societ脿 canadese impegnata nello sviluppo del progetto Sage Plain Potash nella Paradox Basin dello Utah, ha annunciato due aggiornamenti aziendali importanti. Il direttore Clark Sazwan si 猫 dimesso dal consiglio per dedicarsi a questioni personali. Inoltre, la societ脿 ha concesso 3.500.000 opzioni su azioni a destinatari non divulgati, con un prezzo di esercizio di 0,28$ per azione, valide fino al 7 luglio 2030.
L'azienda punta a diventare un produttore nazionale di potassio di rilievo nella Paradox Basin, utilizzando tecniche sostenibili di estrazione tramite soluzione mineraria.
Sage Potash Corp (OTCQB: SGPTF), una empresa canadiense centrada en desarrollar el Proyecto Sage Plain Potash en la cuenca Paradox de Utah, anunci贸 dos actualizaciones corporativas clave. El director Clark Sazwan ha renunciado a la junta para enfocarse en asuntos personales. Adem谩s, la empresa ha otorgado 3.500.000 opciones sobre acciones a destinatarios no revelados, con un precio de ejercicio de $0.28 por acci贸n, v谩lidas hasta el 7 de julio de 2030.
La compa帽铆a aspira a convertirse en un productor nacional destacado de potasa en la cuenca Paradox mediante t茅cnicas sostenibles de miner铆a por soluci贸n.
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Sage Potash Corp (OTCQB : SGPTF), une soci茅t茅 canadienne sp茅cialis茅e dans le d茅veloppement du projet Sage Plain Potash dans le bassin de Paradox, Utah, a annonc茅 deux mises 脿 jour importantes. Le directeur Clark Sazwan a d茅missionn茅 du conseil d'administration pour se concentrer sur des raisons personnelles. De plus, la soci茅t茅 a attribu茅 3 500 000 options d'achat d'actions 脿 des b茅n茅ficiaires non divulgu茅s, avec un prix d'exercice de 0,28 $ par action, valables jusqu'au 7 juillet 2030.
L'entreprise vise 脿 devenir un producteur national de potasse de premier plan dans le bassin de Paradox gr芒ce 脿 des techniques durables d'extraction par solution.
Sage Potash Corp (OTCQB: SGPTF), ein kanadisches Unternehmen, das sich auf die Entwicklung des Sage Plain Potash Projekts im Paradox Basin in Utah konzentriert, gab zwei wichtige Unternehmensupdates bekannt. Direktor Clark Sazwan hat aus pers枚nlichen Gr眉nden seinen R眉cktritt vom Vorstand erkl盲rt. Zudem hat das Unternehmen 3.500.000 Aktienoptionen an nicht genannte Empf盲nger zu einem Aus眉bungspreis von 0,28 $ pro Aktie gew盲hrt, g眉ltig bis zum 7. Juli 2030.
Das Unternehmen strebt an, durch nachhaltige L枚sungsmine-Techniken ein f眉hrender inl盲ndischer Kali-Produzent im Paradox Basin zu werden.
- Grant of 3.5 million stock options provides incentive alignment for option holders
- Long-term option expiration date of 5 years shows confidence in company's future
- Director Clark Sazwan's resignation could create temporary leadership gap
- Stock option grant at $0.28 represents potential future dilution for shareholders
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company"), a Canadian company focused on developing its Sage Plain Potash Project located in the Paradox Basin, Utah, announces the resignation of Clark Sazwan as a director of Sage Potash in order to focus on personal affairs.
Peter Hogendoorn, CEO and Executive Chairman of Sage Potash, commented: "We're thankful to Clark for his efforts as a director and wish him well."
Further, the Company announces the grant of 3,500,000 stock options under the Company's Stock Option Plan. Each option entitles the holder to acquire one common share of the Company at an exercise price of
About Sage Potash Corp.
Sage Potash is a Canadian company vested solely in the Sage Plain Property and intends through sustainable solution mining techniques to become a prominent domestic potash producer within the Paradox Basin situated in Utah. For further information, please refer to the Company's disclosure record on SEDAR+ () or contact the Company by email at [email protected].
On Behalf of the Board of Directors
Peter Hogendoorn
CEO & Executive Chairman
(604) 764-2158
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect to future events or future performance of Sage Potash and with respect to the Offering, including the use of proceeds thereof. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors and Uncertainties" in the Company's Management's Discussion & Analysis available for review under the Company's profile at . Such forward-looking information represents management's best judgement based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
For media inquiries, please contact:
Marcus van der Made, Investor Relations
[email protected]
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FAQ
Why did Clark Sazwan resign from Sage Potash (SGPTF) board of directors?
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