TSXV: PP
OCTQX: PPOTF
FSE: P9P
VANCOUVER, Dec. 15, 2014 /CNW/ - Pacific Potash
Corporation (TSX-V: PP) ("Pacific Potash" or the
"Company") announces that its personnel in Brazil have advised that the funds wired to
Brazil in order to make the tax
payment due to the DNPM at the beginning of December were not
received for unknown reasons and therefore the tax payment was not
made by the required deadline. As a result, management has
been advised that the Company's tenemants in Brazil may be revoked by the DNPM. The
new management team for the Company is working to resolve this
matter as soon as possible.
We seek safe harbour.
On behalf of the Board,
Pacific Potash Corporation
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Charlie Cheng
President, COO and Director
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Tao Liu
CEO, Chairman and Director
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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.
SOURCE Pacific Potash Corporation