from SH,
Passport Potash oversubscribes financing
2010-06-16 17:53 ET - News Release
Ms. Laara Shaffer reports
PRIVATE PLACEMENT UPDATE
Passport Potash Inc.'s non-brokered private placement of four million units at five cents announced in Stockwatch on May 27, 2010, has been oversubscribed by $50,000. Each unit will consist of one common share and one full warrant exercisable at 10 cents for a period of two years.
Proceeds will be used for working capital.
The foregoing is subject to regulatory approval
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