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Verde Potash completes C$28.75 million financing

Fasken
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Verde Potash Plc

Verde Potash Plc (TSX-V: NPK) ("Verde") announced the completion of a bought deal offering of ordinary shares at a price of $6.45 per share. Underwriters GMP Securities L.P. and Mackie Research Capital Corporation elected to exercise the over-allotment option in full, resulting in a total of 4,457,364 hares being issued by the Company for gross proceeds of approximately C$28,750,000. Verde Potash is a Brazilian fertilizer exploration and development company, developing the Cerrado Verde project located in Minas Gerais State, Brazil, a source of potash-rich rock from which the Company plans to produce a potash fertilizer product. A team of lawyers from Fasken Martineau, including Nancy Eastman, Daye Kaba, Mark Camilleri and John Burnand represented Verde Potash.

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