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Potash North Resource Corp.

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neuester Beitrag: 10.06.08 14:53
eröffnet am: 10.06.08 10:29 von: oligator Anzahl Beiträge: 3
neuester Beitrag: 10.06.08 14:53 von: oligator Leser gesamt: 1897
davon Heute: 1
bewertet mit 1 Stern

10.06.08 10:29
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4723 Postings, 4807 Tage oligatorPotash North Resource Corp.

Potash North Resource Corporation

TSX VENTURE: PON
Jun 05, 2008 19:30 ET
Potash North Resource Corporation: Second Potash Permit Issued

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 5, 2008) - Further to the news release of Potash North Resource Corporation (the "Company") (TSX VENTURE:PON) of June 3, 2008 disclosing that the Company anticipated the issuance of a second potash permit shortly, the Company is pleased to announce that it has been provided confirmation from the Saskatchewan Mines Branch that such potash permit has now been formally issued in respect of potash permit application KP 417 covering approximately 95,800 acres. The Company holds rights to acquire potash permit KP 417, as well as the contiguous potash permit KP 416 issued previously, under a Memorandum of Agreement (the "Peninsula Agreement") with Peninsula Merchant Syndications Corp., as described in greater detail in the Company's news release of May 12, 2008 (disseminated under its former name "Timer Explorations Inc." and symbol "TES").

ON BEHALF OF THE BOARD

David Baker, President

This press release contains "forward-looking information" that is based on Potash North's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Potash North's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Potash North's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for Potash North's mineral products or increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Potash North disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact
Potash North Resource Corporation
David Baker
President
(604) 685-3317  

10.06.08 10:34

4723 Postings, 4807 Tage oligatorPotash North res.

Potash North Resource Corporation

TSX VENTURE: PON
Jun 09, 2008 17:21 ET
Potash North Resource Corporation Announces Overnight-Marketed Private Placement of Units

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Potash North Resource Corporation (TSX VENTURE:PON) (the "Company") is pleased to announce that it has entered into an agreement for an overnight-marketed private placement with a syndicate of agents (the "Agents") led by Canaccord Capital Corp. Pricing will be determined in the context of the market for gross proceeds of approximately $25,000,000 million in units (the "Units"). Each Unit is comprised of one common share and one common share purchase warrant. The Company has granted the Agents an over-allotment option to solicit an additional $5,000,000 in Units, exercisable 48 hours prior to closing.

The offering is expected to close on or about July 7, 2008 and is subject to certain conditions, including regulatory approval.

Net proceeds from the offering will be used to fund the exploration, evaluation and potential development of the Company's KP416 and KP417 potash permits in Saskatchewan and for general corporate purposes.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

ON BEHALF OF THE BOARD

Potash North Resource Corporation

David Baker, President

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact
Potash North Resource Corporation
David Baker
President
(604) 685-3317  

10.06.08 14:53

4723 Postings, 4807 Tage oligatorder Wert hat sich schon verdoppelt in den letzten

.. Tagen, geht aber konstant weiter Hoch, das nenne ich Potash Stärke! ;)  

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