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Passport Potash Inc

Publié le 04 juin 2013

Extends Fitzgerald Ranch Closing to June 2015

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Passport Potash Extends Fitzgerald Ranch Closing to June 2015

VANCOUVER, BRITISH COLUMBIA--(Marketwire � June 3, 2013) - Passport Potash, Inc. (�Passport� or the �Company�) (TSX-V: PPI) (OTCQX: PPRTF) is pleased to announce that it has signed an amendment (the �Amendment�) to the property purchase agreement with the Fitzgerald Trust which was announced on May 14, 2012.  The Fitzgerald ranch comprises approximately 41,000 acres (16,592 hectares) of royalty free, private land with intact surface, mineral and water rights.  With Passport�s recently acquired State Trust Land sections, Passport�s land package in the Holbrook Basin comprises over 127,000 acres (51,395 hectares), or over 198 square miles (513 square kilometers).
 
The key terms of the Amendment include:
  •  Closing of purchase to be on June 30, 2015.
  • A $500,000 to be paid by the earlier of, either Oct. 31, 2013, or within 30 days
    of the closing of Passport�s next round of financing.
  • $500,000 to be paid by Dec. 31, 2013.
  • $1 million to be paid by Dec. 31, 2014.
  • $14 million to be paid at closing.
  • Includes an option to the Trust for grazing lease for 5-year term.
 
�The Fitzgerald property is strategically important to Passport�s intended mine development, and it was important for us to be able to restructure this deal to push the closing into 2015�, commented Joshua Bleak, President and CEO.  �We are grateful to the Trustees of the Fitzgerald Trust and are pleased with their willingness to work with us on making this change.� 
 
About the Holbrook Potash Project

Passport Potash Inc. is a publicly traded corporation engaged in the exploration and development of advanced potash properties with its major focus on a previously explored potash property in Arizona. Passport has acquired a strategic position in the Holbrook Basin with land holdings encompassing over 127,000 acres.  Passport has also entered into a joint exploration agreement with the Hopi Indian Tribe to work toward developing about 13,000 acres of contiguous privately held Hopi land.
 
On behalf of the Board of Directors
PASSPORT POTASH INC.
Joshua Bleak, President

Neither 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.
 
Contact:
Passport Potash Inc.

Peter J. Kletas
Manager of Corporate Development
866-999-6251-Toll Free
peter@passportpotash.com

Clive Mostert
Corporate Communications
780-920-5044
cmostert@passportpotash.com
www.passportpotash.com

Safe Harbor Statement


THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS". STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
 
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS ON FORM 10-K OR FORM 10-Q AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
 
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NONE OF FINRA, THE SEC NOR THE BRITISH COLUMBIA SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
 
Copyright � 2013 Passport Potash, Inc., All rights reserved.
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Our mailing address is:
Passport Potash, Inc.
3346 W. Gaudalupe
Apache Junction, AZ 85120

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Passport Potash Inc

EXPLORATEUR
CODE : PPI.V
ISIN : CA70286C1014
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Passport Potash est une société d’exploration minière basée aux Etats-Unis D'Amerique.

Son principal projet en exploration est HOLBROOK en USA.

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Nominations de Passport Potash Inc
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27/02/2015Appointment of Jerry Aiken to Passport Potash Board of Direc...
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09/06/2014Passport Potash Announces Closing of Convertible Debenture F...
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16/10/2012Breaking News on Passport Potash=2C Inc.
15/10/2012Signs Letter of Intent with Hopi Indian Tribe
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10/09/2012Utah Court Grants Passport Potash Motion for Preliminary Inj...
24/05/2012Announces Expanded Drill Program and Reports Progress in Cur...
14/05/2012Enters Into Purchase Agreement to Acquire Fitzgerald Ranch
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24/04/2012Al Korelin on Passport Potash=2C Inc.'s Latest Site Visit
10/04/2012Chairman to Appear on BNN Commodities Show
23/02/2012Chairman David Salisbury talks with Al Korelin
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06/09/2011World Money Show, Booth 412, Toronto, September 8-10
06/07/2011highlighted in Dow Jones Newswire
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15/06/2011Engages Former Congressman (Hon) Matthew J. Salmon and Upstr...
15/06/2011. Engages Former Congressman (Hon) Matthew J. Salmon and Ups...
09/06/2011Completes Initial Phase Drill Program on Twin Buttes: Set To...
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21/04/2011Dundee Capital Markets Adds Passport Potash to Its Fertilize...
22/03/2011. to Attend Mines and Money in Hong Kong and FMB Asia Fertil...
14/03/2011. Finalizes Cooperative Agreement with Hopi Tribe
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09/03/2011President & CEO of Passport Potash Inc., To Appear on Bloomb...
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