Passport Potash Inc. Announces New Board Appointments
VANCOUVER, BRITISH COLUMBIA — Passport Potash Inc. (TSX VENTURE:PPI)(OTCQX:PPRTF) is pleased to announce the appointment of John Eckersley to the Board of Directors of Passport Potash Inc. (the “Board”). Mr. Eckersley has practiced law as a solo practitioner since 1999. His practice focuses on securities compliance, corporate governance and estate planning. He is currently serving as the Vice President, Legal and Corporate Affairs, of Passport Potash Inc. since December 2010. At Passport Potash Inc., Mr. Eckersley’s current responsibilities include corporate counsel, corporate governance, securities compliance, land and mineral resource acquisition and permitting with local, State and federal agencies.
Mr. Eckersley served as the Executive Vice President, Secretary and Treasurer of Digital Business Resource, Inc., a telecommunications company, from 1996 to 1999, where he was a founder, and was responsible for developing systems for office management, accounting, client services, vendor coordination and marketing. Mr. Eckersley served as the General Counsel of TIMI, a public finance advisory company, where he advised the company on corporate strategy and was responsible for the company’s compliance filings.
Passport is also pleased to announce the appointment of Ali Rahimtula to the Advisory Board of Passport Potash. Mr. Rahimtula brings a wealth of experience and knowledge from over 5 decades in the fertilizer industry. Mr. Rahimtula is the President and founder of Transnational Enterprises LTD., DBA Transfert America. Transnational Enterprises LTD. is a member of the Rahimtula Group. The Rahimtula Group pioneered the fertilizer business in India, and has been a domestic industry leader since the 1960’s. They are a global company, recognized for their extensive business networks to supply international fertilizer manufacturers for their critical raw materials such as sulfur, rock phosphate, ammonia, phosphoric acid and potash. The Rahimtula group has had traditional markets of India and Pakistan but has also expanded our area of operations into other countries such as Brazil, Vietnam, China, Thailand, Philippines, and South Africa. The Rahimtula Group regularly time-charters vessels, and charters vessels for almost all of its shipments. They are also experienced in executing joint-venture fertilizer production and marketing contracts in the Middle East, Asia, and Africa as well as in Europe and the CIS.
Passport President Joshua Bleak commented, “We are very excited about the new additions to our leadership. John Eckersley has been essential to our work in the Holbrook Basin and has personally orchestrated our agreement with the Hopi tribe. His ability to work alongside partners with Passport is essential to the continued growth of our company. As we push towards our 43-101, feasibility study, and ultimately production John will be key to our success. I am very pleased that we are been able to add Ali Rahimtula to our advisory board. His experience and understanding of the international fertilizer market is second to none. Ali will be essential to the establishment of Passport Potash as a global potash company. With the infrastructure that is in place, namely the rail line that runs straight to the port of Long Beach, CA, it is a perfect fit and Ali is the ideal person to advise us in the direction of international distribution.”
About the Holbrook Potash Project
Passport Potash Inc. is a TSX-listed resource company engaged in the exploration and development of advanced potash properties. Passport has acquired a strategic position in the Holbrook Basin with land holdings encompassing over 80,000 acres. For more information regarding the Holbrook Basin, please visit http://www.azgs.az.gov/arizona_geology/Summer%2008.pdf.
On behalf of the Board of Directors
PASSPORT POTASH INC.
Joshua Bleak, President
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company’s annual filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
News by QuoteMedia