Agoracom Blog

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 (

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 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 Pacific Potash disclaims any obligation to update or revise any forward-looking information or statements except as may be required.

Tags: , , ,

Comments are closed.