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AAA-FTW

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Thursday, 03/24/2011 10:11:47 AM

Thursday, March 24, 2011 10:11:47 AM

Post# of 12338
March 24th News Release ($1.60 PP)

Allana Potash Announces a Strategic Investment by International Finance Corporation

Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company"), is pleased to announce a non-brokered private placement with International Finance Corporation, a member of the World Bank Group ("IFC") for 6,250,000 units (the "Units") at a price of $1.60 per Unit for gross proceeds of CAD$10 million. Each Unit shall consist of one common share in the capital of the Company and one-half of one common share purchase warrant, with each whole warrant exercisable for $2.08 for a period of three years from the date of the issue.

About IFC

IFC's corporate powers are vested in a Board of Governors, to which each country appoints a governor, generally the minister of finance or an equivalent.
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