Potash North Resource Corporation Shareholders Approve Business Combination With Potash One Inc.
10 Avril 2009 - 1:31AM
Marketwired
Potash North Resource Corporation (TSX VENTURE: PON) ("Potash
North") and Potash One Inc. (TSX: KCL) ("Potash One") are pleased
to announce that Potash North's shareholders voted over 99% in
favour of the previously announced business combination with Potash
One at a special meeting of shareholders held today. Assuming final
approval is obtained from the British Columbia Supreme Court, the
business combination is expected to close on or about April 16,
2009.
Additional information concerning the Arrangement is provided in
Potash North's Management Proxy Circular dated March 5, 2009, which
is available at www.sedar.com.
POTASH NORTH RESOURCE CORPORATION
Forward-Looking Statements: Statements in this release that are
forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed under the
heading "Risk Factors" and elsewhere in the corporations' periodic
filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the
date hereof based on information currently available. Statements in
this press release other than purely historical information,
including statements relating to final court approval to the
business combination, and the companies' other future plans and
objectives or expected results, constitute forward-looking
statements. Forward looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in the companies' business, including risks inherent in
resource exploration and development. The companies do not assume
the obligation to update any forward-looking statement. In
particular, no representation is made in this release as to the
timing of the business combination, whether the business
combination will complete on the terms described herein or at all,
the success or value of the combined companies after the business
combination. In addition, there are numerous risks and other
factors that will influence a development decision, including
concluding resource evaluations on resource properties, mine design
limitations, permitting risks and economic factors, all of which
may be beyond our control.
This press release does not constitute an offer of securities in
the United States. The securities to be issued by Potash One
pursuant to the business combination have not been and will not be
registered under any federal or state securities law of the United
States, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements.
Neither the TSX, 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: Potash North Resource Corporation Craig Angus
President & CEO (604) 697-6262 Website: www.potashnorth.com
Potash One Inc. Paul Matysek President & CEO (604) 697-5686
Website: www.potashone.com
Potash North Resource (Tier2) (TSXV:PON)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Potash North Resource (Tier2) (TSXV:PON)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Potash North Resource (Tier2) (TSX Venture Exchange): 0 recent articles
Plus d'articles sur Potash North Resource Corporation and Potash One Inc.