Western Potash Holdings Corp. Receives Second Tranche of $17 Million Equity Funding From Vantage Chance Limited

VANCOUVER, British Columbia, July 30, 2022 (GLOBE NEWSWIRE) -- Western Resources Corp. (“Western” or the “Company”) (TSX:WRX.TO) is pleased to announce that its subsidiary company Western Potash Holding Corp. (“WPHC”) has received the second tranche of its equity funding proceeds from Vantage Chance Limited (“Vantage”) in the amount of $17 million on July 29, 2022, as part of the previously announced Investment Transaction (as set out in a press release dated February 16, 2022), in exchange for the issuance to Vantage of 33,431,578 common shares of WPHC. Upon issuance, Vantage will hold approximately 42.32% of the issued and outstanding common shares of WPHC, which in turn owns 100% of Western Potash Corp. (which itself owns Milestone Potash Project (the “Project”).