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Passport Potash (TSXV:PPI,OTCQX:PPRTF) reported updates on the breach of option agreement with North American Potash Developments Inc.
Passport Potash (TSXV:PPI,OTCQX:PPRTF) reported updates on the breach of option agreement with North American Potash Developments Inc.
As quoted in the press release:
On May 25, 2012 Passport was informed by Optionor that it had filed a civil action in Utah seeking specific performance of the Option Agreement. At market close on May 25, 2012 Optionor issued a press release announcing the civil action, which also breached the Option Agreement. The Company will vigorously defend its rights in the Option Agreement.
Click here to read the Passport Potash (TSXV:PPI) press release