JV Partner buy out offer August 14, 2012
VANCOUVER, BRITISH COLUMBIA, August 14, 2012 - Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) is pleased to announce that it has entered into a letter of intent (the “LOI”) with Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P) (“Pacific Potash”). The LOI sets out a proposal by Pan American to acquire 100% of the issued and outstanding common shares of Pacific Potash (the “Transaction”) which will constitute a “major acquisition” for Pan American under the policies of the Canadian National Stock Exchange (the “CNSX”).
Vancouver, British Columbia – August 1, 2012 – Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, “The Company”) is pleased to announce that it has closed the acquisition of Moonraker Acquisition Corporation (“Moonraker”) dated July 31, 2012. Pacific Potash will issue 4,975,000 shares to the shareholders of Moonraker under the terms of the previously announced agreement dated June 13, 2012. Pacific Potash has acquired an option to earn an 80% working interest in Western Potash Corporation’s (TSX: WPX; “Western”) Amazonas Potash Basin claims. The terms of the agreement are as follows:
nice gain on the 5 million shares and a stronger partner with immediately cashflow