Remaining 25% Interest and Royalty Rights in Mesa Exploration Properties Acquired by Passport Potash

Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) acquired the 3% NSR royalty on the properties optioned from Mesa Exploration Corp (“Mesa”) in the Holbrook basin.

As quoted in the press release:

Passport has also acquired the remaining 25% interest in the Mesa properties by spending more than $100,000 in work expenditures on the Mesa properties during its 2011 exploration program, thereby giving it a 100% NSR free interest in the Mesa sections.

The sections optioned from Mesa are some of the most strategically placed sections in the Passport portfolio of properties.

Passport’s President and CEO, Joshua Bleak, said:

“As we prepare for the release of our 43-101 Resource Report, we felt that it was in the best interests of the Company and its shareholders to firm up our ownership interest in these properties.”

Click here to read thePassport Potash Inc. (TSXV:PPI) press release
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