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WESTERN POTASH CORP T.WPX

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."


TSX:WPX - Post by User

Post by thairaton Jun 03, 2015 2:50pm
236 Views
Post# 23794114

UBS/WPX Lawsuite

UBS/WPX Lawsuite
Western Potash Corp. Responds to UBS Lawsuit
  
 
June 3rd, 2015 - Vancouver, BC - Western Potash Corp. (WPX: TSX) (FSE: AHE) (the "Company") - confirms that UBS Securities Canada Inc. ("UBS") has filed a lawsuit against the Company before the Ontario Superior Court of Justice claiming fees, disbursements and damages in connection with a strategic investment in the Company by China BlueChemical Ltd., and GUOXIN International Investment Corporation Limited, through a wholly owned subsidiary, CBC (Canada) Holding Corp., which closed in June 2013.  
 
The Company believes that UBS' lawsuit is unfounded and entirely without merit, and intends to vigorously defend itself against the lawsuit.
 
ON BEHALF OF THE BOARD OF DIRECTORS   
 
"J. Patricio Varas"   
 
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