Ferti You continue to prove yourself a very slanted poster which leads many to believe you are paid by someone to post only one side of this story.
Below is an email I received from Abasov on Jan 5, 2012. In it he says no financing in Q1. Only five days later he announces a financing. Credible? Not sure. Legal? Not sure. Misleading information? For sure.
Below is the email I sent to Ferti today, followed by the news release announcing the financing that was supposedly not needed.
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| Date: | 3/8/2014 9:32:34 AM |
| Subject: | January 10, 2012 News of Financing |
January 10, 2012 16:28 ET
Allana Potash Announces $20 Million Bought Deal
TORONTO, ONTARIO--(Marketwire - Jan. 10, 2012) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
Allana Potash Corp. (TSX:AAA) ("Allana" or "the Company"), is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including National Bank Financial Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., and Fraser Mackenzie Limited (the "Underwriters"), to purchase 25,000,000 common shares of the Company (the "Common Shares") at a price of $0.80 per Common Share for gross proceeds of $20,000,000 on a bought deal basis (the "Offering").
The Company has also granted the Underwriters an over-allotment option to increase the size of the Offering by up to an additional 3,750,000 Common Shares, such option being exercisable in whole or in part at any time prior to 30 days after the closing of the Offering. If the over-allotment option is exercised in full, the aggregate gross proceeds raised will be $23,000,000.
The net proceeds from the Offering will be used for completion of a definitive feasibility study on the Company's Dallol Potash Project and for working capital and general corporate purposes.
Closing of the Offering is anticipated to occur on or about February 2, 2012 (the "Closing Date") and is subject to the receipt of applicable regulatory approvals including approval of the Toronto Stock Exchange.
The Common Shares will be offered in all provinces of Canada (except Quebec) by way of a short form prospectus.