Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Potash Ridge Corp Closes Initial Public Offering


Wednesday, 5 Dec 2012 08:25am EST 

Potash Ridge Corp announced the closing of its initial public offering (the Offering) of its common shares (the Shares). Potash Ridge raised $20 million in aggregate including a concurrent private placement entered into with Sprott Resource Partnership (SRP). Potash Ridge's shares are now trading on the Toronto Stock Exchange under the symbol PRK. The majority of the proceeds will be used by the Corporation to further develop its Blawn Mountain Sulphate of Potash Project located in Utah. In connection with the Offering, Potash Ridge issued 14,944,746 Shares at a price of $1.00 per Share (the Offering Price) for gross proceeds of $14,944,746. The Offering is being made through a syndicate of underwriters co-led by National Bank Financial Inc. and Clarus Securities Inc. and including GMP Securities L.P., Scotia Capital Inc., Cormark Securities Inc. and Dundee Securities Ltd. (collectively, the Underwriters). The Underwriters have been granted an over-allotment option, exercisable in whole or in part for a period of 30 days from the date of the closing of the Offering, to purchase up to an additional 15% of the Shares issued at the closing of the Offering at the Offering Price. If the over-allotment option is exercised in full, gross proceeds of the Offering will increase to approximately $17.2 million. 

Company Quote

0.245
0.045 +22.50%
19 Sep 2014