Allana Receives Significant Indicative Interest from Prospective Lenders for Project Financing
March 5, 2012
Investor Cubed is pleased to forward a press release issued by Allana Potash Corp. (TSX: AAA) highlighting the following:
"Allana is very encouraged by the formal expressions of interest from various propsective lenders consulted to date. We believe such indicative support underscores the technical merit of our project, their confidence in Ethiopia and the robust projected credit metrics of the Project which can support our targeted amount of project debt financing thereby increasing the potential returns to Allana shareholders. This is a significant development in our financing activities which, along with our current cash on hand, continued financial support from our existing strategic investors and demonstrated ability to access the equity capital markets even in the midst of challenging market conditions, gives us confidence that the Project will continue to be developed on schedule."
Farhad Abasov, President and CEO of Allana Potash Corp.
To read the full news release, please click here
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.
Neil Simon, CEO
Investor Cubed Inc.
647.258.3311
nsimon@investor3.ca
Alan Huycke, President
ahuycke@investor3.ca
Allana est une société d’exploration minière basée au Canada.
Allana détient divers projets d'exploration en Argentine et en Ethiopie.
Ses principaux projets en exploration sont ARGENTINA POTASH PROJECT en Argentine et DALLOL POTASH PROJECT en Ethiopie.