Allana Potash Supports East Africa's Famine and Drought Relief Efforts
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 07/18/11 -- Allana Potash Corp. (TSX VENTURE: AAA) ("Allana" or the "Company") announces today its support to the relief efforts following the drought and resulting famine in East Africa with a pledge of $100,000 to the Ethiopian government.
Farhad Abasov, President and CEO, commented: "Allana has a close relationship with the affected region of Africa and as such offer our support for the relief efforts with this donation. All of us at Allana are deeply saddened by the devastation taking place in East Africa and our thoughts are with all those who are affected by this terrible disaster."
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, a member of Liberty Mutual Group. Allana has Measured and Indicated Sylvinite Resources of 97.8 million Tonnes of 30.0% KCl; Inferred Sylvinite Resource of 108.3 million tonnes grading 31.3% KCl; Measured and Indicated Kainitite Resources of 284.2 million tonnes at 19.8%, Inferred Kainitite Resource of 271.2 million tonnes of 20.3% KCl; Measured and Indicated Upper Carnallitite Resources of 78.5 million tonnes grading 18.4% KCl, Inferred Upper Carnallitite Resource of 85.6 million tonnes of 17.1% KCl; Measured and Indicated Lower Carnallitite Resources of 212.6 million tonnes of 12.0% KCl, Inferred Lower Carnallitite Resource of 130.7 million tonnes grading 11.7% KCl. Allana has approximately 194.8 million shares outstanding and trades on the TSX-Venture Exchange under the symbol "AAA".
Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.
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.
Contacts:
Investor Cubed
Christian Scovenna
647 258 3311
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Datum: 18.07.2011 - 11:30 Uhr
Sprache: Deutsch
News-ID 35283
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TORONTO, ONTARIO
Kategorie:
Mining & Metals
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