Pacific Potash Provides Financing Update and Receives Seismic Data Approval
July 8, 2013 – Vancouver, British Columbia (Source:TheNewsWire) — 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.
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.
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
Get our daily investorintel update
Balbir Johal, LL.B
Executive Co-Chairman & Director
For further information, please visit our website at www.pacificpotash.com
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.