Amended: Pacific Potash Provides Financing Update and Receives Seismic Data Approval
July 08 2013 - 8:16AM
Access Wire
VANCOUVER, BRITISH COLUMBIA - July
8, 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
it's upcoming exploration and drill program. In addition to the
equity raises the Company has recruited a cornerstone investment
partner (Sino-Canada Natural Resources Fund) and signed an MOU for
a potash off-take agreement with CapitalAsia Investment Holdings
Group.
Pacific Potash has also ben 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 Companies 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.
We seek Safe Harbour.
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: mblady@pacificpotash.com
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.
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