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Passport Potash Closes Convertible Debenture Financing

Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) has closed its previously announced non-brokered private placement offering of 9.5 percent convertible debentures of the Company for gross proceeds in the amount of US$500,000. Proceeds from the offering will be used to develop Passport’s holdings on the east side of the Holbrook Basin.

Passport Potash Issues Statement on Uralkali Announcement

Passport Potash, Inc. (TSXV:PPI,OTCQX:PPRTF) issues a statement about recent developments in the potash industry, specifically on Russian potash producer OAO Uralkali announcing its exit from the sales organization Belarusian Potash Co., which has had an inordinate negative effect on potash stocks. Passport Potash agrees with a statement made by K+S

Passport Potash Announces PEA for Holbrook Basin Project

Passport Potash Inc.(TSXV:PPI, OTCQX: PPRTF) announced a preliminary economic assessment for its Holbrook Basin potash project. According to the key findings of PEA, the Holbrook project has a pre-tax IRR of Over 30% and a pre-tax NPV of $3.25 Billion at 12% Discount Rate.

As quoted in the press release:

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. Connect with GSP to receive their next catalyst instantly.
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