Organic Potash Corporation Commences Trading on Canadian National Stock Exchange
(firmenpresse) - BRAMPTON, ONTARIO -- (Marketwire) -- 08/15/11 -- Organic Potash Corporation (CNSX: GOP) is pleased to announce that its shares will commence trading on the Canadian National Stock Exchange ("CNSX") effective market opening on Monday, August 15, 2011, under the symbol "GOP".
Effective July 8, 2011, Organic Potash Corporation ("OPC") and Tulox Real Estate Developments Inc. ("TRED") amalgamated to form Organic Potash Corporation ("the Company") with each respective shareholder becoming a shareholder in the Company. Each OPC shareholder received one (1) Company share for each share owned in OPC. Each TRED shareholder received one (1) Company share for every two and one half (2.5) shares owned in TRED. Concurrent with the listing of the amalgamated company, financing of $2,536,468 was raised at a price of $0.15 which will be used to fund the construction of the first production facility having the capacity to produce 40,000 MT of potash in Ghana: see "About Organic Potash" below. The Company now has 64,325,252 common shares outstanding.
The directors and officers of the Company are Heather Welner, the President, Chief Executive Officer and a director of the Company; Jonathan Held, the Chief Financial Officer of the Company; Augustus Tanoh, the Executive Vice-President and a director of the Company; Wally Rudensky, a director; Michael Galloro, a director; and Don Gordon, a director.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold in the United States or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
About Organic Potash Corporation
With offices in Canada and Ghana, Organic Potash Corporation is a publicly traded (CNSX: GOP) potash company. Organic Potash Corporation's focus is on the production of potash from the ash of agricultural waste, in particular, cocoa husks. Pursuant to an exclusive technology licensing agreement for West Africa with GC Technology Ltd., Organic Potash Corporation has the right to use proprietary technology, consisting of specially designed and patented kilns, to produce the ash from cocoa husks. Organic Potash Corporation works with the cocoa farmers of Ghana to have the cocoa husks burned to an ash using the patented kilns and delivered to its factory. Once delivered to the factory, the ash is put through the patented process that leaves its final form of 99%+ pure potassium carbonate (potash). Organic Potash Corporation is currently constructing its factory and formalizing its supply chain to be able to produce potassium carbonate.
Forward-Looking Information
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Corporation's filings with the Canadian securities regulators available on .
Contacts:
Organic Potash Corporation
Heather Welner
905-452-8060
905-842-8135 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.08.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 46296
Anzahl Zeichen: 0
contact information:
Town:
BRAMPTON, ONTARIO
Kategorie:
Food
Diese Pressemitteilung wurde bisher 248 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Organic Potash Corporation Commences Trading on Canadian National Stock Exchange"
steht unter der journalistisch-redaktionellen Verantwortung von
Organic Potash Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
