Canadian Premium Sand Inc. Announces Increase to Previously Announced Equity Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

CALGARY, Alberta, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce that due to strong demand it has agreed with Peters & Co. Limited and Fort Capital Partners (together, the “Agents”) to increase the size of the previously announced best efforts private placement financing (the “BrokeredOffering”). CPS will now issue up to 28,500,000 units of the Company (each, a “Unit”) at a price of $0.30 per Unit (the “Offering Price”) for gross proceeds to the Company of up to $8,550,000 pursuant to the Brokered Offering.