en.Wedoany.com Reported - Buffalo Potash Corporation (TSXV: BUFF, OTCQB: BLPTF) has further expanded its previously announced non-brokered private placement due to strong investor demand, increasing the total gross proceeds to up to C$13.5 million. The company initially issued news releases on June 8 and June 9, 2026, with the offering initially set at a minimum of C$5 million, subsequently increased to a minimum of C$7.5 million. The company expects to complete the offering in two tranches on or before June 30, 2026.

The terms of the offering and the securities issued remain consistent with those described in the previous news release dated June 8, 2026. Hard Dollar Units are priced at C$0.45 per unit, with each unit consisting of one common share of the company and one-half of one common share purchase warrant (each whole warrant). Flow-Through Shares (FT Shares) are priced at C$0.52 per share, and Charity Flow-Through Units (Charity FT Units) are priced at C$0.558 per unit. Each Flow-Through Share consists of one share qualifying as a "flow-through share" under the Income Tax Act (Canada), and each Charity FT Unit consists of one such flow-through share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share at a price of C$0.60 for a period of 24 months from the date of issuance. If the volume-weighted average trading price of the company's shares on the TSX Venture Exchange (TSXV) reaches at least C$0.90 for 10 consecutive trading days, the company may accelerate the warrant expiry by providing 30 days' notice.

The company reserves the right to further increase the size of the offering by up to 10%, allowing for the sale of up to an additional 3 million securities, raising a maximum of C$1.35 million in additional proceeds. The company may exercise this over-allotment option in whole or in part at any time before the closing of the offering.

The proceeds from the offering will be used for different purposes. Funds from the Flow-Through Shares and Charity FT Units will be used to advance the geological potential of the Disley Project and to fund underground infrastructure construction for the initial production module of the project located in Saskatchewan. Net proceeds from the Hard Dollar Units will be used for general working capital and corporate purposes. The offering is subject to certain conditions, including approval from the TSX Venture Exchange. All securities are subject to a statutory hold period of four months and one day.

An amount equal to the gross proceeds from the Flow-Through Shares will be used to incur eligible "Canadian exploration expenses" on the Disley Project on or before December 31, 2027, which will be renounced to the subscribers of Flow-Through Shares with an effective date no later than December 31, 2026. An amount equal to the gross proceeds from the Charity FT Units will be used to incur eligible "Canadian development expenses" on the Disley Project on or before December 31, 2026, which will be renounced to the subscribers of Charity FT Units with an effective date no later than December 31, 2026. The Canadian development expenses will be renounced on a declining balance basis under tax laws and will not provide a 100% upfront deduction for purchasers of Charity FT Units.

Subject to TSXV approval, the company may pay finder's fees in connection with the offering, which may include cash payments and/or the issuance of warrants. Certain insiders of the company may participate in the offering, and such participation may be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101). The company expects that such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. If insiders participate, details will be provided in a subsequent material change report. The securities are expected to be eligible for inclusion in Registered Retirement Savings Plans (RRSPs), Registered Education Savings Plans (RESPs), Registered Retirement Income Funds (RRIFs), Registered Disability Savings Plans (RDSPs), Deferred Profit Sharing Plans (DPSPs), First Home Savings Accounts (FHSAs), and Tax-Free Savings Accounts (TFSAs).

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