The Conversation (0)
Western Potash Corp. (CVE:WPX) reports that it has engaged Lockwood Financial to assist the board of directors and management of the Company in advancing a variety of strategic alternatives towards the Potash development project, Saskatchewan.
The press release is quoted as saying:
Mr. Burns provides business management, project debt, capital raising and financial consulting services to companies in the natural resource sector and has served as a director, executive and CEO of banking organizations and for a number of private and public natural resource and technology companies.
Western Potash’s President and CEO, Patricio Varas says:
“John King Burns brings a wealth of experience from his careers with Drexel Burnham Lambert Inc. and Barclays Bank Plc, Metals Group, and he provides both strategic and tactical advice to management in combination with financial advisory services. Mr. Burns’ expertise in structuring and negotiating complex, corporate, project financing and infrastructure development transactions provides the Company with the ability to be a more capable developer of the Project and a more attractive and nimble participant in the rapidly consolidating potash sector. We are confident that the strategic process now being executed, with the support of Lockwood and Mr. Burns, will enhance value for the Company’s shareholders.”