Welcome To The Allana Potash HUB On AGORACOM

Focusing on the Dallol Potash Project in Ethiopia

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Message: Re: Contingency and working capital

From the agreement:

The Offering

The SPA provides that the Offering shall be completed in two tranches, with the first tranche having closed on the date hereof (the "First Tranche") and the second tranche being subject to the receipt of approval by Allana's shareholders (the "Second Tranche") and other standard closing conditions. Each Unit issued pursuant to the Offering consists of a common share of the Company (a "Common Share"), one and one half Series A Common Share purchase warrants (the "Series A Warrants") and one half of one Series B Common Share purchase warrant (the "Series B Warrants", and collectively with the Series A Warrants, the "Warrants"). Each whole Warrant will be exercisable for one Common Share for a period of 36 months from issuance of the Warrant. Each whole Series A Warrant will be exercisable for a price of $0.54 per Common Share, and each whole Series B Warrant will be exercisable for a price of $0.60 per Common Share.

They have 79,786,500 Series A Warrants and 26,595,000 Series B Warrants.

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