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Organic Potash Corp C.OPC

Alternate Symbol(s):  OPCGF

Organic Potash Corporation is a Canada-based company, which is engaged in the development of production of potassium carbonate produced from agricultural waste, namely cocoa husks in West Africa. The Company produces food grade potassium carbonate from organic waste materials using patented production technology. It has its production facility in Takoradi-Sekondi, Ghana and Ivory Coast. The Company's potassium carbonate is used in multiple industries, including food, manufacturing (potassium carbonate is found in numerous consumer and industrial products), and pharmaceuticals. The Company’s subsidiary is GC Purchasing Ltd.


CSE:OPC - Post by User

Organic Potash Corp
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Post by investporton Jul 26, 2011 9:00pm
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Post# 18876288

Backstop Purchaser definition

Backstop Purchaser definitionFor anyone who is wondering what Backstop Parties mean?

What Does Back Stop Mean?

Theact of providing last-resort support or security in asecurities offering for the unsubscribed portion of shares. A companywill try and raise capital through an issuance and to guarantee theamount received through the issue, the company will get a back stop froman underwriter or major shareholder to buy any of the unsubscribedshares.

What Does Backstop Purchaser Mean?

Anentity that agrees to purchase all the remaining, unsubscribedsecurities from a rights offering. The backstop purchaser providessecurity to the issuing firm by guaranteeing that all of the newlyissued shares will be purchased, allowing the company to fulfill itsfundraising requirements.
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