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"