News on Toronto listingSeptember 08, 2011 10:59 ET
Allana Potash to Commence Trading on the Toronto Stock Exchange (TSX)
TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) - Allana Potash Corp. (TSX VENTURE:AAA) (OTCQX:ALLRF)("Allana") is pleased to announce its common shares will commencetrading on the Toronto Stock Exchange (TSX) at market open on Friday,September 9, 2011. The Company's stock symbol will remain "AAA".
Farhad Abasov, Allana's President and CEO, stated: "We areproud to join the senior Canadian exchange at this critical stage of ourdevelopment. This is also a very important event for Ethiopia as Allanahas become the first company with an Ethiopian mining asset to belisted on the TSX, the pre-eminent exchange for global mining companies.We believe trading on the TSX will enhance our already strong tradingliquidity and attract a broader investor base to Allana."
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on theacquisition and development of potash assets internationally with itsmajor focus on a previously explored potash property in Ethiopia. Allanahas secured financial support from two significant strategic investors:IFC, a member of World Bank Group, and Liberty Metals and Mining, PLC, asubsidiary of Liberty Mutual Group. Allana has Measured and IndicatedSylvinite Resources of 97.8 million tonnes of 30.0% KCl; InferredSylvinite Resource of 108.3 million tonnes grading 31.3% KCl; Measuredand Indicated Kainitite Resources of 284.2 million tonnes at 19.8% KCl,Inferred Kainitite Resource of 271.2 million tonnes of 20.3% KCl;Measured and Indicated Upper Carnallitite Resources of 78.5 milliontonnes grading 18.4% KCl, Inferred Upper Carnallitite Resource of 85.6million tonnes of 17.1% KCl; Measured and Indicated Lower CarnallititeResources of 212.6 million tonnes of 12.0% KCl, Inferred LowerCarnallitite Resource of 130.7 million tonnes grading 11.7% KCl. Allanahas approximately 196.5 million shares outstanding and effectiveSeptember 9, 2011, trades on the Toronto Stock Exchange under the symbol"AAA".
Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VPExploration, is a Qualified Person as defined under National Instrument43-101 and has reviewed and approved the technical information presentedin this release.