Sage Potash promotes Patricio Varas to permanent CEO role

Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) announced the promotion of Patricio Varas to permanent Chief Executive Officer and his appointment to the company's Board of Directors. The announcement follows the completion of a $13 million private placement equity financing.

Varas previously served as Interim CEO and has over 40 years of experience in mineral exploration, mine development, finance and corporate management. He was a founder of Western Potash, where he raised over $240 million in capital for the Milestone Potash Project in Saskatchewan before the project was sold to Asian investors.

The company also appointed William Grossholz to the permanent Chief Financial Officer position following his tenure as Interim CFO. Grossholz holds CPA and CA professional designations and has experience in financial management for public companies.

Sage Potash stated the executive changes reflect the company's focus on the next development stage following the filing of its Preliminary Economic Assessment technical report for the Sage Plain Potash Project in Utah's Paradox Basin.

The information is based on a company press release statement.

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