The Conversation (0)
Passport Potash Announces New Private Placement, Re-pricing and Termination of Letter of Intent
Dec. 16, 2011 11:20AM PST
Potash InvestingPassport Potash (TSXV:PPI) announced the termination of its letter of intent with NZ Legacy, NZ. The Company also announced the arrangement of a new private placement of $6,975,000.
Passport Potash (TSXV:PPI) announced the termination of its letter of intent with NZ Legacy, NZ. The Company also announced the arrangement of a new private placement of $6,975,000.
Click here to see the Passport Potash (TSXV:PPI,OTCQX:PPRTF) profile.
As quoted in the press release:
Passport also announces that it has arranged a fully subscribed non-brokered private placement of $6,975,000.00 which consists of 46,500,000 units at $0.15 cents, each unit consisting of one common share and one half warrant exercisable at $0.20 cents for a period of one year. The proceeds are to be used for general working capital and the current exploration program. A finder’s fee may be paid in certain circumstances.
Click here to read the Passport Potash (TSXV:PPI,OTCQX:PPRTF) press release
Click here to see the Passport Potash (TSXV:PPI,OTCQX:PPRTF) profile.