News

Vancouver BC – Western Resources Corp. (“Western” or the “Company”) (TSX: WRX) is pleased to announce that Western Potash Holding Corp. (“WPHC”) has received the first tranche of its equity funding proceeds from Vantage Chance Limited (“Vantage”) in the amount of $33 million, as part of the previously announced Investment Transaction, in exchange for the issuance to Vantage of 64,896,592 common shares of WPHC.  Aggregate proceeds from the Investment Transaction, together with the first tranche of funding received last week from Appian Capital Advisory, will be used to continue and complete the remaining construction and development of the Milestone Phase I Project (the “Project”), and for general and administrative expenses of the Project.

Vancouver BC – Western Resources Corp. (“Western” or the “Company”) (TSX: WRX) is pleased to announce that it has entered into an Amended and Restated Subscription Agreement (the “Amendment”) originally signed on February 16, 2022 with Vantage Chance Limited (“Vantage”), in which Vantage has committed to make a strategic equity investment of C$80,000,000 (the “Investment Transaction”) in Western Potash Holdings Corp. (“WPHC”), a wholly owned subsidiary of the Company.

Vancouver BC – Western Resources Corp. (TSX: WRX) (the "Company”) is pleased to announce that its wholly-owned subsidiary Western Potash Corp. (“Western”) has entered into a cost- reimbursable construction services agreement (the “Agreement”) with Stuart Olson Prairie Construction Inc., a wholly owned subsidiary of Bird Construction Inc. (TSX: BDT) (“Bird”), as general contractor to continue the bulk of the remaining construction work for the Company’s Milestone Phase I Project (the “Project”). Project construction was put on hold in May 2020 when the process plant was approximately 50% complete.

Vancouver BC – Western Resources Corp. (the “Company”) (TSX: WRX) is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. (“Western”), has closed the first tranche, in the amount of C$45 million, of its Loan Transaction with Appian Capital Advisory LLP ("Appian"), the terms of which were previously announced in the press release of April 28, 2022.

Western Resources Corp. (the “Company”) (TSX: WRX) is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. (“Western”), has entered into a C$85,000,000 term loan facility financing transaction (the "Loan Transaction") with Appian Capital Advisory LLP (“Appian”).

Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General and Special Shareholder Meeting (“AGM”) held on March 28, 2022.

Vancouver BC – Western Resources Corp. (“Western”) (TSX: WRX) is pleased to announce that it has signed a subscription agreement (the “Subscription Agreement”) today with Vantage Chance Limited (“Vantage”), in which Vantage has committed to make a strategic equity investment of C$80,000,000 (the “Investment Transaction”) in Western Potash Holdings Corp. (“WPHC”), a newly formed company which, upon completion of a reorganization (described below), will own 100% of Western Potash Corp. (“WPC”) and its Milestone Potash Project. Vantage is a private investment company registered in the British Virgin Islands.