Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PPOTF one for 10 reverse split:
http://otce.finra.org/DLSymbolNameChanges
assets worth 4X market cap, looks like a bargain @ .02
There's some action here this week, touched 0.09 on Canadian side, a nice run is going to happen
All in here with over 800,000 shares at 0.06 and 0.065 on canadian side.
This is a sleeper that's about to awaken, when it does, I'll be out while others buy, Muhahaha
Ohh by the way it is QX again. Under a nickel is good, the closer to .02 the better.
Pinks Current as of 11/15 - not QX like before it hit they greys but a start.
IIROC Trade Resumption - Pacific Potash Corporation
Toronto, Ontario--(Newsfile Corp. - October 29, 2013) - Trading resumes in:
Company:
Pacific Potash Corporation
TSX-Venture Symbol:
PP
Resumption Time (ET):
8 :00 October 30, 2013
Pacific Potash Signs MOU for Cdn $10,000,000 With Chinese S.O.E Convertible at $0.37 Per Share
(via Thenewswire.ca)
Vancouver, British Columbia - October 29th, 2013 - Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, "Pacific Potash", "the Company") is pleased to announce that it has entered into a non-binding Memorandum of Understanding (M.O.U) with a Chinese State Owned Enterprise ("S.O.E"). The M.O.U outlines the proposed terms of a transaction pursuant to which the S.O.E will subscribe for CDN $10,000,000 by way of an unsecured convertible debenture of common shares (the "Convertible Debenture") from Pacific Potash Corporation convertible at a price of $0.37 per common share. The S.O.E's aggregate beneficial ownership of common shares will not exceed 19.9% of the issued and outstanding common shares of Pacific Potash at the time of exercise of these conversion rights. The Convertible Debenture shall bear interest at the rate of 5.0% per annum, payable semi-annually and shall mature on the date which is two (2) years from the date of issuance.
Upon completion of this financing Pacific Potash will have raised a total of CDN $16.35 Million year to date to drive the Company's business plan. The proceeds from the Convertible Debenture will be used for development of Pacific Potash's Amazonas Basin Potash exploration program, consisting primarily of drilling, and for general working capital.
Mr. Balbir Johal, Executive Co-Chairman and Director stated "This strategic alliance and relationship with the S.O.E was facilitated by the hard work of our strategic advisor, CapitalAsia. Upon receiving the funding, we will now be able to complete an extensive fully permitted drill program, consisting of six exploration holes with each reaching a true depth of at least 1500 metres costing approximately CDN $12 million dollars. Drilling commences this coming week under the command of our CEO and Chief Geologist, Andre Costa, whose work over the last six years in the Amazonas Potash Basin has led to several new discoveries of economic potash. "
Terms of the Convertible Debenture
On successful completion of due diligence phase the parties will diligently and in good faith thereafter negotiate, a definitive subscription agreement for the Convertible Debenture.
This agreement is subject to the regulatory approval of the TSX Venture Exchange.
Cancellation of Merger with Cowley Mining PLC
In respect to Cowley's October 25, 2013 news release cancelling the proposed merger, the Company confirms that the proposed merger has been cancelled as the parties were unable to agree on the terms of the definitive agreement.
Mr. Balbir Johal, states, "Although we felt that the Cowley transaction was attractive, management believes that this new partnership with the S.O.E creates superior leverage for our shareholders due to size and the less dilutive nature of the funding. We are fully funded now for a potential discovery in a world-class basin."
PACIFIC POTASH RECIEVES ENVIROMENTAL PERMITS AND MOBILIZES
DRILL RIG TO AMAZONAS POTASH PROJECT
VANCOUVER, BRITISH COLUMBIA – October 21st, 2013 - Pacific Potash Corporation
(TSX-V: PP; OTCQX: PPOTF; FSE: P9P, “Pacific Potash”, “the Company”) is pleased to
announce that it has obtained all environmental permits for drilling in addition to securing and
mobilizing a drill rig to its Amazonas Potash Project. The Company has finalized its work
program, including processing and analyzing seven additional historic seismic lines which
overlay the initial drill targets. Pacific Potash expects to begin drilling within the next 7 days.
The initial well drilled by Pacific Potash will be the first potash well ever to be drilled in the
central part of the Amazonas Basin, as previous exploration efforts for potash have been directed
towards the margins of the basin.
Mr. Andre Costa, President and CEO stated “This is a very significant milestone for Pacific
Potash, as the path is now clear for us to execute the drilling of our initial well of the exploration
program."
It is expected that once drilling commences it will take approximately 60 days to reach depth and
remove core from the formation of interest, the well will top out at approximately 1500 meters of
true depth. The cores will be sent to Saskatchewan, Canada for chemical analysis and processing.
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 Potash 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.
As of Thu, Aug 22, 2013, PPOTF trades on Grey Market.
PACIFIC POTASH INKS DEAL WITH OCEAN CAPITAL MERCHANT BANK
VANCOUVER, BRITISH COLUMBIA – July 11
th, 2013 - Pacific Potash Corp (TSX-V: PP;
OTCQX: PPOTF; FSE: P9P, “Pacific Potash”, “the Company”) is pleased to announce that it has
engaged Ocean Capital Inc. (“Ocean Capital”) a Hong Kong based Merchant Bank with long
standing corporate relationships throughout Hong Kong, Shanghai, Beijing, Singapore and Seoul
Korea. Ocean Capital will work to elevate the Company’s visibility among potential investment,
hedge, mutual, and pension funds, private equity firms and high net worth individuals. They will also
provide advisory services for Pacific Potash through their extensive expertise in mining and metals,
energy, technology and alternative energy.
Ocean Capital has arranged a series of engagements through its high-profile investment network for
Pacific Potash the week of July 15th in Hong Kong. The Company is looking forward to further
penetrating international investment opportunities with institutional funds as well as potential
strategic partners. Balbir Johal, Executive Co-Chairman stated “We are convinced that working with
Ocean Capital will allow Pacific Potash the opportunity to pursue additional funding for our drill
program and expand our existing exploration plan. The focus of this trip is to grow our financing
network and cultivate relationships to drive our business plan. I believe that the interest in Hong
Kong will increase our market awareness on a global scale”.
Ocean Capital has entered into a contract where they will receive a fee of US$ 7,000 per month for a
period of six months to cover all related expenses. The agreement is subject to regulatory approval.
About Ocean Capital Inc.
Ocean Capital Inc provides advisory services to clients, including acquisitions, mergers, joint
ventures, asset swaps, minority investments, private placements, and IPO advisory through an
experienced management team. The firm strives to add value to their clients’ companies by
bringing strategic and financial expertise from senior professionals, in conjunction with a global
network of financial and technical professionals.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.
On behalf of the Board,
Pacific Potash Corporation
Balbir Johal, LL.B
ExecutiveCo-Chairman & Director
For further information, please visit our website at www.pacificpotash.com 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
PACIFIC POTASH PROVIDES FINANCING UPDATE
AND RECEIVES SEISMIC DATA APPROVAL
VANCOUVER, BRITISH COLUMBIA – July 8th, 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 its 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 been 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
Company’s 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.
Good Post. Seems Lots of Potential Here.
PACIFIC POTASH STRENGTHENS MANAGEMENT AND EXPLORATION TEAM
APPOINTS ANDRÉ COSTA PRESIDENT AND CEO
VANCOUVER, BRITISH COLUMBIA – May 28th
, 2013 - Pacific Potash Corporation (TSX-V:
PP; OTCQX: PPOTF; FSE: P9P, “the Company”) is pleased to announce André Costa M.Sc.,
P.Geo. has been appointed as President and CEO of the Company. Mr. Costa is a professional
geologist with over 18 years of experience working in Canada and Brazil. Mr. Costa has
worked for the Saskatchewan Geological Survey, provided project management in uranium and
diamond exploration, and most recently was the chief geologist for Brazil Potash a private
company with operations surrounding the majority of Pacific Potash’s Claims. Mr. Costa was
responsible for the Potash exploration technical program in the Amazonas basin, Brazil. He
provided project management, compiled all regional data and developed Potash Brazil's
successful drilling program on which a NI 43-101 compliant resource is currently being
calculated by Ercosplan. Mr. Costa is a dual citizen of Canada and Brazil, and is fluent in
English, Portuguese and Spanish.
Mr. Costa stated “Pacific Potash tenements in the Amazon Basin it is on-trend and surrounded by
existing potash deposits and historical potash occurrences. Working on this basin for five years
gave me strong understanding of the drilling program logistics, drilling methods, stratigraphycal
correlations, depositional environments, structural constraints, mineralization spatial distribution
and seismic correlations. This knowledge will be important to achieve positive potash intercepts
and consequently advancing to the next stages. All the efforts will now be focused on the
upcoming drilling program in order to confirm and evaluate the potash mineralization to be
found on Pacific Potash claims that would be developed into potash resources on this new and
already confirmed world class potash basin.”
Mr. Balbir Johal, Executive Chairman & Director commented:"Having a CEO and President
with local ties to the country and to Pacific Potash’s project area will be a huge benefit for the
Company. Mr. Costa's vast knowledge of a previously almost non-explored basin will be
invaluable to the Pacific Potash team. Over the last five years in the Amazonas basin, Mr. Costa
has been instrumental in compiling historic data, unlocking the potash sequences and basin
geometry for Potash Brazil. He has overseen the drilling of over 20 potash wells in the basin, supervised the compilation of data for Potash Brazil's technical reports, and from a potash
exploration perspective, he is one the most knowledgeable individuals regarding the basin. "
Pacific Potash would also like to announce that Mr. Steve Butrenchuk has resigned as President
& CEO but will remain with the Company as an Advisory Board member. Pacific Potash
wished to thank Mr. Butrenchuk for his contribution as President & CEO, and are certain that his
experience, and insight will continue to be beneficial to the Company in his new position.
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.
On behalf of the Board,
Pacific Potash Corporation
Balbir Johal, LL.B
Executive Chairman & Director
For further information, please visit our website at www.pacificpotash.com 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
Pacific Potash Corp AcquiresBrazilian Subsidiary and Completes Option Agreement
VANCOUVER, BRITISH COLUMBIA – April 26th, 2013 - Pacific Potash Corporation (TSX-V: PP;
OTCQX: PPOTF; FSE: P9P, “Pacific Potash” “the Company”) is pleased to announce that it has earned
it's 100% working interest in the Amazonas Basin Potash claims and completed the acquisition of the
Brazilian company Potassio Ocidental Mineracao Ltda. from Western Potash Corp. (“Western”). Subject
to the terms and conditions of the previously announced ammended option agreement, the Company has
issued Western 1,000,000 common shares. Potassio Occidental Mineraco Ltd. is now a 100% owned
subsidiary of Pacific Potash which will allow the Company to conduct business within Brazil in a much
more efficient manner.
Balbir Johal, Executive Chairman and Director, stated “The early acquisition of Potassio Occidental
Mineraco Ltd. will also aid us in pursuing strategic investment and business partnerships in Brazil, as
well asthe ability to aggressively pursue other potential mineral resource acquisitions in the country.”
Pacific Potash also wished to announce that with the closing of $2.25 million in financing, the Company
has granted 2,800,000 options. The options have an exercise price of $0.10 and will be vested in
accordance with the policies of the TSX Exchange.
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.
On behalf of the Board,
Pacific Potash Corporation
Balbir Johal, LL.B
Executive Chairman & Director
Pacific Potash Closes $1,250,000 First Tranche of its $2,250,000 Financing and Announces Shareholder Special Meeting May 31, 2013
Apr 24, 2013
OTC Disclosure & News Service
Vancouver, BC, Canada - Pacific Potash Corporation has filed a Home Country News Release - Pacific Potash Closes $1,250,000 First Tranche of its $2,250,000 Financing and Announces Shareholder Special Meeting May 31, 2013 To view the full release click here (link to PDF).
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
PACIFIC POTASH CORPORATION COMPLETES $2.25 MILLION PRIVATE
PLACEMENT FINANCING
VANCOUVER, BRITISH COLUMBIA – April 11th, 2013 - Pacific Potash Corporation (TSX-V: PP;
OTCQX: PPOTF; FSE: P9P, “the Company”) is pleased to announce that the Company has completed,
subject to regulatory approval, a non-brokered private placement (the Offering) pursuant to which a total
of 28,125,000 units (Units) have been subscribed for at a price of CDN$ 0.08 per unit for gross proceeds
of CDN$2,250,000.
The Company intends to use the net proceeds of the Offering to execute a summer 2013 exploratory drill
program on the Company’s claims within the Amazonas Potash Basin in Brazil and for general corporate
purposes.
Each Unit of the placement consists of one common share of Pacific Potash (Shares) and one common
share purchase warrant (Warrants). Each Warrant entitles the holder to purchase one Share at a price of
CDN$ 0.13 for a period of 30 months following the closing date of the Offering.
All securities issued in connection with the Offering will be subject to a four month hold period from the
date of issuance in accordance with applicable securities law. The closing of the Offering is subject to
receipt of TSX approval.
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.On behalf of the Board,
Pacific Potash Corporation
Balbir Johal, LL.B
Executive Chairman & Director
For further information, please visit our website at www.pacificpotash.com or contact our V.P of
Corporate Communications, Mike Blady:
Mike Blady
Office: 604.895.7446
Email: mblady@pacificpotash.com
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
22
|
Created
|
03/31/13
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |