Legend International Holdings, Inc. (OTCBB: LGDI), (“Legend”), is
pleased to announce that it is currently in discussions with potential
investors to fund the extraction and delivery of a large bulk phosphate
rock sample to international fertilizer producers.
Legend has previously sent samples to various fertilizer producers
around the world. Many of these companies reported that the phosphate
rock responded well in their bench scale and pilot scale fertilizer
production tests. A number of these producers now require a larger bulk
sample to run through their commercial production units. The delivery of
a bulk sample will be a final step prior to negotiating and finalizing
off-take agreements for phosphate rock.
Further updates on the potential investment will be provided as
discussions progress.
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Forward-looking statements in this press release are made pursuant to
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Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties including, without
limitation, the risks of exploration and development stage projects,
risks associated with environmental and other regulatory matters, mining
risks and competition and the volatility of mineral prices. Actual
results and timetables could vary significantly. Additional information
about these and other factors that could affect the Company’s business
is set forth in the Company’s fiscal 2013 Annual Report on Form 10-K and
other filings with the Securities and Exchange Commission.
Copyright Business Wire 2014