Pacific Potash Corporation Raises Sufficient Capital to Proceed with Upcoming Exploration and Drill Program

Pacific Potash Corporation (TSXV:PP,OTCQX: PPOTF) announced that they have raised $6.35 million from 3 separate equity raises since the end of April and is now well capitalized for its upcoming exploration and drill program.

As quoted in the press release:

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.

To view the whole press release, click here.