Potash Ridge Closes IPO, Raises $20 Million

Potash Ridge Corporation (TSX:PRK) announced that it has closed its initial public offering of common shares , raising $20 million in aggregate.

As quoted in the press release:

The majority of the proceeds will be used by the Corporation to further develop its Blawn Mountain Sulphate of Potash Project located in Utah. The next major milestone is expected to be the completion of a prefeasibility study and issuance of an updated National Instrument 43-101 technical report expected in Q2 2013.

To view the full press release, click here.