Western Potash Corp. Announces Closing of CAD$10 Million Exchangeable Debenture
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.
不列颠哥伦比亚省温哥华，2023年12月27日（环球新闻专线）——西部资源公司（“公司”）（多伦多证券交易所股票代码：WRX）欣然宣布，该公司100％控股的子公司西部钾肥公司（“西部钾肥”）从Vantage Chance Limited（“Vantage”）获得了第二批500万加元的资金。该公司在2023年8月15日的新闻稿中列出的该交易现已完成。
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.
2023年8月15日，西部钾肥与Vantage签署了可交换债券认购协议，根据该协议，Vantage同意认购1,000万加元的可交换债券（“可交换债券”），该债券将在收到全额款项后由西方钾肥发行。西部钾肥在2023年9月收到了第一笔500万加元的付款。这笔500万加元的款项是Vantage根据可交换债券的条款向西部钾肥公司支付的第二笔也是最后一笔款项。
The Company will file the Exchangeable Debenture under the Company's profile on SEDAR+ at .
公司将在SEDAR+的公司简介下申报可交换债券，网址为。
ON BEHALF OF THE BOARD OF DIRECTORS
代表董事会
Bill Xue
Chairman and CEO
薛比尔
董事长兼首席执行官
For more information on the contents of this release please contact Jack Xue, Corporate Secretary, at 306-924-9378.
有关本新闻稿内容的更多信息，请致电 306-924-9378 与公司秘书薛杰克联系。