|By Marketwired .||
|February 3, 2014 02:30 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 02/03/14 -- Organic Potash Corporation (CSE: OPC) ("OPC" or the "Corporation") announced today that it has closed the second tranche of its previously announced non-brokered private placement offering for the amount of Two Hundred and Twenty Thousand Dollars ($220,000) CDN. To date the Corporation has now raised Four Hundred and Twenty Thousand Dollars ($420,000) CDN via the current offering. OPC is also announcing an extension to the closing date of the current private placement offering which will now occur on, or before, March 31st, 2014.
All proceeds from the offering will be used to expand & improve current commercial production capacity at OPC's Tema Production Plant, working capital for inventory and production purposes, and for general corporate purposes.
About Organic Potash Corporation
Through its proprietary patented technology, Organic Potash Corporation produces 99%+ pure potassium carbonate (potash) from the ash of agricultural waste, in particular, cocoa husks. The purity of the company's potassium carbonate will allow Organic Potash Corporation to target multiple industries including the Agricultural and Pharmaceutical industry. Organic Potash Corporation is headquartered in Toronto, Ontario and its shares trade on the Canadian National Stock Exchange under the trading symbol "OPC". For further information, please visit the company website at www.organicpotash.com.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.