Brazil Potash Corp. reports Closing of Private Placement
Brazil Potash Corp. reports that the company has finished a private placement financing for gross proceeds of US$25,000,000, at a price of US$1.00 per common share.
The press release is quoted as saying:
Proceeds from the Offering will be deployed to establish a potash resource at the Company’s extensive property in the State of Amazonas, Brazil. Diamond drilling to establish a NI 43-101 resource along with technical, field and environmental studies will commence in November.
Click here to access the entire press release
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Tue, Oct 20, 2009
Post by Melissa Pistilli, Potash Senior Reporter