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IC Potash Announces Closing of Previously Press-released $20,000,000 Equity Offering

Published: 05/27/2011

By Jay Goldman, Pollyanna Lord

IC Potash Corp. is pleased to announce that its previously press-released bought deal offering of 12,500,000 common shares of the Company at a $1.60 per common share for aggregate gross proceeds of $20,000,000 has closed.  The Offering was led by Stifel Nicolaus Canada Inc. on behalf of a syndicate of underwriters including Wellington West Capital Markets Inc., Macquarie Capital Markets Canada Ltd., Cormark Securities Inc., Mackie Research Capital Corporation, Clarus Securities Inc., and Stonecap Securities Inc.

Cassels Brock represented IC Potash with a team consisting of Jay Goldman (Securities) and Pollyanna Lord (Securities).