Passport Potash Announces Non-Brokered Private Placement of Convertible Debentures

Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) announced a non-brokered private placement of convertible debentures for up to $2.5 million, at an interest rate of 15%.

As quoted in the press release:

The principal amount of the debentures is convertible into common stock of the Company at the option of the subscriber, in whole or in part, at a price of US$0.19 per share for a period of one year from the date of closing.

Click here to read the Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) press release

See this press release on Marketwire
Click here to see the Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) profile

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Gensource Potash Corporation

Gensource Potash Corporation (TSXV:GSP) is focused on becoming Saskatchewan’s first vertically-integrated potash producer and has developed a unique business plan which will allow it to take advantage of the opportunities that exist in the potash industry.

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