Stonegate Agricom Announces Closing of Public Offering

TORONTO, July 24, 2013 /CNW/ - Stonegate Agricom Ltd. (the "Company") (TSX: 
ST) is pleased to announce it has completed its previously announced short 
form prospectus offering of units (the "Offering"), raising gross proceeds of 
$10 million. The offering was conducted by a syndicate of agents co-led by GMP 
Securities L.P. and Cormark Securities Inc., and including BMO Capital Markets 
(collectively, the "Agents"). The Offering consisted of the sale of 33,333,333 
units (the "Units") of the Company at a price of $0.30 per Unit. Each Unit 
consisted of one common share (a "Unit Share") of the Company and one common 
share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder to 
acquire one common share of the Company at an exercise price of $0.40 per 
common share for a period of 24 months following the closing of the Offering. 
The Agents have the option to arrange for the sale of up to that number of 
additional Unit Shares and/or Warrants as is equal in aggregate to 15% of the 
number of Units issued under the Offering during the 30 day period immediately 
following the closing of the Offering. 
The net proceeds from the Offering will be used to advance the Company's Paris 
Hills Phosphate Project located in Idaho, USA, including permitting, and for 
general corporate and working capital purposes. 
Following its pro rata participation in the Offering, Sprott Resource Corp. 
(TSX: SCP) currently holds 70,950,462 common shares of the Company, 
representing an approximate 37.5% interest in the Company on an undiluted 
The securities offered have not been, and will not be, registered under the 
U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any 
securities laws of any state of the United States, and may not be offered or 
sold directly or indirectly in the United States or to, or for the account or 
benefit of, a "U.S. Person" (as defined in Regulation S under the U.S. 
Securities Act) absent registration or any applicable exemption from the 
registration requirements of the U.S. Securities Act and applicable securities 
laws of any state of the United States. This press release shall not 
constitute an offer to sell or the solicitation of an offer to buy securities 
in the United States or to, or for the account or benefit of, a "U.S. Person," 
nor shall there be any sale of these securities in any jurisdiction in which 
such offer, solicitation or sale would be unlawful. 
About Stonegate Agricom Ltd. 
Stonegate Agricom, which is actively engaged in acquiring and developing 
agricultural nutrient projects, is currently focused on the development of the 
potentially world-class, long-life Paris Hills Phosphate Project located in 
Idaho. The Company is confident that the deposit has sufficient size and grade 
to become a strategic, cost-effective source of phosphate supply for major 
fertilizer producers. More information is available at 
Cautionary Note Regarding Forward-Looking Statements 
This press release contains "forward-looking statements" and "forward-looking 
information" within the meaning of applicable law, which include statements 
herein relating to the potential to increase mineral resource and mineral 
reserve estimates. Generally, forward-looking statements and forward-looking 
information can be identified by the use of forward-looking terminology such 
as "plans", "expects" or "does not expect", "is expected", "budget", 
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not 
anticipate", "believes", or variations of such words and phrases or statements 
that certain actions, events or results "may", "could", "would", "might" or 
"will be taken", "occur" or "be achieved". All forward-looking statements 
and forward-looking information are based on reasonable assumptions that have 
been made by the Company as at the date of such information. Forward-looking 
statements and forward-looking information are subject to known and unknown 
risks, uncertainties and other factors that may cause the actual results, 
level of activity, performance or achievements of the Company to be materially 
different from those expressed or implied by such forward-looking statements 
and forward-looking information, including but not limited to: risks relating 
to assumptions used in preparation of the Feasibility Study and 
Pre-Feasibility Study on the Lower Phosphate Zone of the Paris Hills Phosphate 
Project including government regulation, phosphate prices, labour costs and 
capital costs, and project risks including project location, permitting 
requirements, project delays, ground control and dilution and water 
management; the general risks associated with the speculative nature of the 
Company's business, commodity prices, current global financial conditions, 
uncertainty of additional capital, price volatility, the Paris Hills Phosphate 
Project being a development stage project, limited operating history, no 
history of earnings, government regulation in the mining industry, 
environmental risks and hazards, impending climate change legislation, 
required approvals and permits, foreign subsidiaries, risks relating to the 
retention of the Paris Hills Phosphate Project, expiration of leases and 
permits for the Paris Hills Phosphate Project, title to mineral properties, 
obtaining surface rights, community relations and project support, water 
rights, exploration, development and operating risks, uncertainty in the 
estimation of mineral reserves and resources, uncertainty of inferred mineral 
resources, mineral exploration, risks associated with having a controlling 
shareholder, arbitrary offering price, dilution to the common shares, 
dependence on key personnel, currency fluctuations, insurance and uninsured 
risks, competition, legal proceedings, conflicts of interest and lack of 
dividends as well as those factors discussed in the section entitled "Risk 
Factors" in the Company's most recently filed annual information form 
available at Although the Company has attempted to identify 
important factors that could cause actual results to differ materially from 
those contained in forward-looking statements and forward-looking information, 
there may be other factors that cause results not to be as anticipated, 
estimated or intended. There can be no assurance that such information will 
prove to be accurate, as actual results and future events could differ 
materially from those anticipated in such statements or information. 
Accordingly, readers should not place undue reliance on forward-looking 
statements or forward-looking information. The forward-looking statements 
and forward-looking information contained in this press release are included 
for the purpose of providing investors with information to assist them in 
understanding the Company's expected financial and operational performance and 
may not be appropriate for other purposes. Stonegate does not undertake to 
update any forward-looking statement or forward-looking information that is 
included herein, except in accordance with applicable securities laws. 
Wayne Cheveldayoff Vice President, Investor Relations Stonegate Agricom Ltd. 
Tel: 416-479-4359 
Christine Stewart Renmark Financial Communications Inc. Tel: 416-644-2020 
SOURCE: Stonegate Agricom Ltd 
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CO: Stonegate Agricom Ltd
ST: Ontario
-0- Jul/24/2013 12:48 GMT
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