Allana Potash Closes $38 Million Financing Including Exercise in Full of the Over-Allotment Option

Marketwire reports that Allana Potash Corp. (TSE VENTURE: AAA)  is pleased to announce that it has closed its previously announced underwritten private placement financing.

The news item is quoted as saying:

The net proceeds from the offering will be used to fund continued exploration and development work, including a definitive feasibility study, at the Company’s Ethiopian potash project as well as future potential strategic land acquisitions and general corporate purposes.

To read the full news item, click here.