Allana Potash Inc.

Published : October 29th, 2012

(TSX: AAA) (OTCQX: ALLRF) Fall Analyst Site Tour Summary

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Keywords :   Canada | Ethiopia | K Street | Market | Water |
 A Very Successful Analyst Site Tour for Allana Potash Corp.
October 29, 2012
Allana Logo

Investor Cubed is pleased to forward you an update on behalf of Allana Potash Corp. (TSX: AAA):

  • Allana Potash concluded their Fall 2012 Analyst Site Tour last week (October 16-19). The Company hosted several analysts in Ethiopia for a tour of its Dallol Potash Project. Analysts from the following investment dealers were in attendance: Raymond James, Salman Partners, and Fraser Mackenzie
    ?

"We are pleased to have had an opportunity to host analysts on a site visit of Allana's Dallaol Potash Project and would like to thank our guests for joining us on the tour. The trip was successful as we were able to demonstrate advances the Company has made towards our project milestones. The Allana management team remains confident that we are on target to deliver the project towards its stated production mandate."

- Richard Kelertas, Vice President Corporate Development, Allana Potash Corp.

 

Highlights from the trip included:

 

  • Meetings with senior government officials including;
    • Mrs. Sinknesh Ejigu, Minister of Mines- Discussed the governments commitment towards moving Ethiopia from agricultural to industrial economy and providing support to companies such as Allana.
    • David Usher, Canadian Ambassador to Ethiopia - Gained insight into Canada's perspective of Ethiopia, as well as local support for Allana Potash.
    • Getachew Betru, General Manager of the Ethiopia Railways Corporation - Discussed increasing and advancing transportation through Ethiopia and proposed rail lines that would benefit Allana's Dallol Potash Project.

 

  • Dallol Potash Project, Site Visit demonstrated the Company's progress in Technical Work, including:
    • A trip to the Solution Mining Wells;
    • Pilot Evaporation Ponds - the company has completed a trial with six pilot evaporation ponds and has observed strong evaporation rates.
    • Water Well Drilling Site, where Allana has completed 15 of 18 holes drilled on the alluvial fan. The analysts saw first hand that the preliminary tests are encouraging and all holes have encountered water.
    • Site visitors were also able to see the extensive infrastructure work to the project, and the progress towards completely the Bankable Feasibilty Study year end.

 

Overall this trip provided positive insight into the Company's path to production. Photos of the Tour will be available on the Company's website in the upcoming weeks www.allanapotash.com

  

 

If you have any questions or would like to meet with Allana's management team, please contact Investor Cubed at 647 258 3311 or info@investor3.ca

 

 

About Allana Potash Corp.

 

Allana Potash is a Canadian publicly traded corporation with a focus on the international acquisition and development of potash assets. The Company is currently developing a previously explored potash property in Ethiopia, the Dallol Potash Project. Allana has secured financial support from two significant strategic investors: IFC, a member of the World Bank Group, and Liberty Metals and Mining Holdings, LLC, a subsidiary of Liberty Mutual Group. 
 
Contact Allana Potash Corp.
Richard Kelertas, Senior Vice President, Corporate Development
 
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About Investor Cubed Inc. 

 

Investor Cubed is a leading Canadian Investor Relations firm. We are an integral partner in assisting a select group of emerging and mid-cap companies - our clients - to gain considerable market exposure by introducing them to our national network of financial industry professionals including investment advisors, bank owned investment dealers, and leading independent financial firms. We add value by providing a holistic array of services including specialized investor relations and business consulting, professional advice to help raise capital, and additional benefits through our network of strategic partnerships.

 

For more information, please visit our corporate website at www.investor3.ca.

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Investor Cubed Inc.

647.258.3311

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Allana Potash Inc.

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Allana is a exploration company based in Canada.

Allana holds various exploration projects in Argentina and in Ethiopia.

Its main exploration properties are ARGENTINA POTASH PROJECT in Argentina and DALLOL POTASH PROJECT in Ethiopia.

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