Does this mean Langmuir is Dead?
Inspiration increases Potash Dragon holding by 20%
2012-06-25 09:30 ET - News Release
Mr. Randy Miller reports
INSPIRATION ACQUIRES INTEREST IN POTASH PROPERTY
Inspiration Mining Corp. has acquired 1.25 million common shares (or 20 per cent of the issued and outstanding securities) in the capital of Potash Dragon Inc. In addition, the company was issued an aggregate of 3.75 million common share purchase warrants. Each warrant entitles the company to acquire an additional Potash share at an exercise price of 80 cents per share at any time prior to 5 p.m. (Toronto time) on the earlier of the date that is: Sept. 22, 2013, and 45 days from the date that Potash Dragon receives an executed geological report prepared in compliance with National Instrument 43-101 with respect to Potash Dragon's brine resource in Chile. In the event that the company exercises all of the warrants, the company shall exercise control over 50 per cent of the issued and outstanding securities in the capital of Potash Dragon.
"This is an exciting opportunity for the company and its shareholders," stated Randy Miller, the president of the company. "The investment in Potash Dragon and its brine resource in Chile is the culmination of management's pursuit of opportunities that will expand the company's mineral holdings and enhance shareholder value. We look forward to working closely with the management of Potash Dragon as they advance the property."
"We are delighted to have Inspiration Mining Corp. as a new strategic investor and our partner in the property. With the extensive experience of both management teams, we are confident that the property will be advanced as quickly as possible. We are pleased with the outcome of our reconnaissance program that has been conducted over the past 12 months and look forward to the continued exploration of the property," commented Gordon Miller, president and chief executive officer, Potash Dragon.
We seek Safe Harbor.
Does anyone know if Gordon Miller is related to Randy Miller?