Agoracom Blog Home

Posts Tagged ‘potash’

Pacific Potash Provides Financing Update and Receives Seismic Data Approval *Sponsor*

Posted by AGORACOM-JC at 7:40 AM on Monday, July 8th, 2013

Vancouver, British Columbia – July 8th, 2013 – Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, “Pacific Potash”, “the Company”) is pleased to announce that since April 24th 2013 the Company has raised $6.35 million from 3 separate equity raises. Pacific Potash is now well capitalized for its upcoming exploration and drill program.

Pacific Potash has also been notified by the ANP (National Petroleum Agency of Brazil) that the remaining seismic line data that Pacific Potash had previously applied for has been approved for purchase and pick-up. This remaining un-processed seismic data in conjunction with the Company’s current data set will be used to strengthen the Company’s current geological model and to confirm the final drill target locations for the Company’s upcoming exploration campaign. On completion of data integration the Company will put forth an updated exploration program and budget for the remainder of the year.

About Pacific Potash Corporation

Pacific Potash Corporation trades on the TSX Venture Exchange under the symbol: PP, as well on the OTCQX under the symbol: PPOTF and on the Frankfurt Stock Exchange under P9P. Pacific Potash is engaged in the exploration and development of the Amazonas Basin Project and the surrounding potash claims targeting the Middle Amazonas Potash Basin, currently the host to multiple new exploration campaigns for potash. The Company also is exploring the Provost Potash Property and the surrounding potash claims targeting the prolific Prairie Evaporite Formation, which is host to multiple conventional and solution potash mines.

On behalf of the Board,

Pacific Potash Corporation

Balbir Johal, LL.B

Executive Co-Chairman & Director

For further information, please visit our website at www.pacificpotash.com or contact our V.P of Corporate Communications, Mike Blady:

Mike Blady

Office: 604.895.7446

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution concerning forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Pacific Potash in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Pacific Potash’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Pacific Potash disclaims any obligation to update or revise any forward-looking information or statements except as may be required.

Pacific Potash Shareholders Approve Sino-Canada Natural Resources Fund as Control Group

Posted by AGORACOM-JC at 4:21 PM on Friday, June 7th, 2013

Vancouver, British Columbia – June 7th , 2013 – Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, “the Company”) is pleased to announce that on May 31st 2013 the Company’s shareholders gave 100% approval to Sino-Canada Natural Resources Fund (“Sino-Canada Fund”) to become a control group.

Pacific Potash has also closed its previously announced 20,000,000 units at $0.10 for gross proceeds of $2,000,000. Sino-Canada Fund participated in the $0.10 per unit private placement, subscribing for an additional 13,000,000 units.

Balbir Johal, Executive Co-Chairman and Director, stated: “This cements the business relationship between Pacific Potash and Sino-Canada Fund. We have been advised by CapitalAsia that future introductions may be made to additional funding groups such as the BRIC Development Bank. This Bank is capitalized with at least $50 billion in funding for developing projects in Brazil, Russia, India and China.”

Sino-Canada Fund, of the Cayman Islands has acquired ownership and control over 25,500,000 common shares and 25,500,000 warrants, representing approximately 28.6% of the current outstanding shares of the Company, for a total investment of $2,300,000 in the Company. Sino-Canada Fund has acquired the securities for investment purposes and has no present intention to acquire further securities of the Company, although it may in the future make additional investments in the Company, or acquire or dispose of securities as circumstances or market conditions warrant.

A copy of the early warning report filed with the applicable securities regulators regarding the above acquisition is available on the Company’s SEDAR profile (www.sedar.com).

In compliance with Canadian Securities law, all securities issued in connection with the closing of the private placement are subject to a hold period that will expire on October 7, 2013.

About Sino-Canada Natural Resources Fund

Sino-Canada Natural Resources Fund is a Cayman Islands registered private equity fund focused on investments in Canadian listed and private companies that develop and operate natural resources projects (mining, oil & gas, forestry) worldwide. Sino-Canada Fund is managed in Hong Kong on behalf of private and institutional investors from China.

About Pacific Potash Corporation

Pacific Potash Corporation trades on the TSX Venture Exchange under the symbol: PP, as well on the OTCQX under the symbol: PPOTF and on the Frankfurt Stock Exchange under P9P. Pacific Potash is engaged in the exploration and development of the Amazonas Basin Project and the surrounding potash claims targeting the Middle Amazonas Potash Basin, currently the host to multiple new exploration campaigns for potash. The Company also is exploring the Provost Potash Property and the surrounding potash claims targeting the prolific Prairie Evaporite Formation, which is host to multiple conventional and solution potash mines.

On behalf of the Board,

Pacific Potash Corporation

Balbir Johal, LL.B

Executive Co-Chairman & Director

For further information, please visit our website at www.pacificpotash.com or contact our V.P of Corporate Communications, Mike Blady:

Mike Blady

Office: 604.895.7446

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Pacific Potash in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Pacific Potash’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Pacific Potash disclaims any obligation to update or revise any forward-looking information or statements except as may be required.

END OF DAY ALERT – (PP: TSX-V) Pacific Potash Corp Up 36% on 2.9M Shares (Sponsor)

Posted by AGORACOM-JC at 4:50 PM on Friday, April 26th, 2013

                                                                            

Last Traded: $0.13 Up: $0.035

Percentage: 36.84% Vol. 2.8M Shares

————–

Pacific Potash is engaged in the exploration and development of the Provost Potash Property and the surrounding potash claims targeting the Prairie Evaporite Formation. Pacific Potash has officially acquired 100% interest in Western Potash Corporation’s Amazonas Basin claims in Brazil.

Investment Highlights – Brazil

Amazonas Potash Basin

  • The Brazilian Government plans to reduce Brazil’s reliance on potash imports from 91% to 60% over the next 5 years
  • Soils in Brazil are deficient in potassium and require potash to remain productive
  • The Amazonas potash basin is similar in geology and dimension to the Saskatchewan potash basin in Canada
  • The claims are situated close to a primary market: Brazil is the 2nd largest importer and 3rd largest user of potash in the world
  • Two deposits owned by Petrobras—Arari and Fazendinha—are located 20 and 40 km west of the property being optioned by Pacific Potash. These two deposits have reported historic resources as follows*:Fazendinha – 520 Mt @ 28.8% KCl
    Arari – 659 Mt @ 17.7% KCl

Highlights of 43-101 Report

  • Potash has been intersected on 3 margins immediately adjacent to the property (West, North, and North East).
  • The Property is located on the northwest limb of the Middle Amazonas Basin, extending across the deepest part of the basin axis. The known occurrence of potassium salts (potash) is in Cycle VII in the Nova Olinda Formation. The Cycle VII potash mineralization occurs in numerous drill holes in the Middle and Lower Amazon basin, including those that define the Fazendinha and Arari potash occurrences.
  • Well log control from within the basin, but outside the claims, indicates thickening of the Nova Olinda formation towards the basin axis.
  • Potential potash layers are expected to occur at depths of 1100 to 1800 m.

Investment Highlights – Alberta

Provost Potash Property

  • Two 100%-owned MAIM permits totaing 17,781 hectares of land, located 250 km southeast of Edmonton and 45 km west of the historic Unity Potash Mine
  • Exceptional infrastructure (access to water, paved roads, services lines, railway, workforce)
  • Alberta was ranked the No. 1 jurisdiction for Mining and Exploration by the Fraser Institute in 2011
  • The Alberta Department of Energy (Mineral Development Division) advised that potash royalty would be similar to salt at $.045/tonne compared to Saskatchewan’s $6.00/tonne
  • 50:50 Joint Venture Twenty-four MAIM permits totaling 213,269 hectares, owned in a 50:50 Joint Venture with Grizzly Discoveries Inc.

WATCH: “The Next Biggest Winner” (Episode #4) Sneak Peek: UC Resources and Pacific Potash

Posted by AGORACOM-JC at 1:35 PM on Thursday, March 28th, 2013

The Next Biggest Winner, a leading and nationally televised investment show focusing on small-cap and mid-cap companies, is pleased to announce Episode 4 will be airing across Canada this weekend.

SPONSOR EPISODE

This week’s episode featuring UC Resources and Pacific Potash serves as the first of 2 sponsor episodes this season, as both companies serve as anchor sponsors for all 30 episodes of Season 2.

WHEN (All Times EST)

Saturday  March 30th     8:30 AM / 7:30 PM (Prime-Time)

Sunday March 31st     7:30 AM / 6:30 PM (Prime-Time)

WHERE (Listed Alphabetically By Cable / Satellite Provider)

Bell     Channel 514 Across Canada

Cogeco Channel 136 in Ontario and Quebec

MTS TV     Channel 282 in Manitoba

Rogers     Channel 197 in Ontario, Quebec, Nova Scotia, New Brunswick

Shaw Cable     Channel 110 in BC / Channel 95 Everywhere Else

Shaw Direct     Channel 593 (Classic)  Channel 222 (Direct)

Source Cable     Channel 174 Ontario

Telus TV     Not Available Yet

Videotron     Channel 146 in Quebec

Hope to see all of you tuning in and please help spread the word!

Meet Our Awesome Sponsors That Make It All Possible … Click Through To See Why Our Sponsors Are The Next Biggest Winner!