Potash Ridge Corp. has announced that it has retained Gateway Credit Partners Inc., an independent financial services corporation with a focus and expertise on US corporate credit markets.
Pursuant to the agreement, Gateway will assist the company in securing financing through their institutional investor base to fund construction of Potash Ridge's sulphate of potash fertilizer Valleyfield project in Quebec.
"We are excited to be working with the management and board of Potash Ridge for execution of their Valleyfield and Blawn Mountain projects," said Tim Gramatovich, Founder of Gateway. "Our mandate is to help companies achieve their goals and broaden their investor base to include specific investors in the US and abroad. Through the prudent optimisation of a company's capital structure, we are able to offer solutions not widely available to Canadian corporations."
"This agreement represents a great opportunity to secure and enhance Valleyfield's project economics, while limiting dilution to our shareholders," stated Guy Bentinck, President and CEO of Potash Ridge. "Access to long-term capital will allow us to dedicate more of our resources to completing the development of Valleyfield and, most notably for the Blawn Mountain project in Utah."
Read the article online at: https://www.worldfertilizer.com/potash/22112016/potash-ridge-retains-gateway-credit-partners/
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