WESTERN POTASH CORP. Closes Private Placement
Western Potash Corp. (the “Company”) announces the closing of the Flow-thru private placement announced on December 23, 2008. The Company has issued a total of 8,514,850 shares for total proceeds of $2,809,900.50.
In connection with this private placement the Company paid a finder’s fee to Wellington West Capital Markets Inc., in the amount of $168,594.03
All securities from this placement are subject to a four month hold period that will expire on April 30, 2008. The proceeds from the private placement will be used for the exploration of the Company’s potash properties in Manitoba and Saskatchewan.
ON BEHALF OF THE BOARD OF DIRECTORS
“J. Patricio Varas”
J. Patricio Varas
President and CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release