Shareholders Approve Company's Name Change to Verde Potash Plc-New Stock Symbol to be NPK
April 21 2011 - 8:52AM
Marketwired
Amazon Mining Holding plc (TSX VENTURE: AMZ) ("Verde" or the
"Company") is pleased to announce that the shareholders have
approved a name change to Verde Potash Plc at its Annual Meeting of
Shareholders held on April 12, 2011. Accompanying the change of
name shall be a new trading symbol, 'NPK'. The changes will be
effective as of market open on Tuesday, April 26, 2011.The
Company's shares will continue to trade on the Toronto Stock
Exchange Venture and all other attributes of the Company remain
unchanged. The name Verde Potash, and ticker symbol 'NPK' were
selected to better reflect the Company's business and focus on
fertilizers.
Effective Date: Tuesday, April 26, 2011
Company Name: Verde Potash Plc.
Trading Symbol: TSX-V: NPK
Sekita Agronomic Trials Update
ThermoPotash trials at Grupo Sekita Agronegocios ("Sekita")
provided inconclusive results. Testing conducted by Sekita was
implemented in order to compare the agronomic efficiency of
granular ThermoPotash with potassium chloride (KCl), on the
productivity and quality of carrot crops. Sekita reports: There was
no statistical difference in productivity and quality of carrot
between treatments using ThermoPotash (TK) and potassium chloride
(KCl) and combined application of these two sources, and also
compared to the control treatment. With regard to the efficiency of
the sources of potassium, the Company expected greater agricultural
efficiency from granular ThermoPotash as compared to potassium
chloride or the control. However, the release of nutrients from
ThermoPotash was observed to be hampered in the field because the
granules of the product showed a high degree of hardness and
resistance to fragmentation. This decreased the contact and
reaction of these particles with the soil preventing the release of
total nutrients, thus reducing the efficiency of the product. The
Company did not previously observe these characteristics when it
supplied ThermoPotash in coarse form as opposed to granules. The
company's engineering team expects to resolve this issue by making
a simple change to the granulation process.
About Verde
Verde Potash, founded by Brazilians, is a mineral exploration
and development company focused on fertilizers. The Company is
developing the Cerrado Verde project in Brazil, a source of
potash-rich rock from which Verde plans to produce a slow-release,
non-chloride, multi-nutrient, fertilizer product named
ThermoPotash. Founded as Amazon Mining in 2005, the Company changed
its name to Verde Potash in April 2011 to better reflect its main
business. The Company is also exploring for phosphate and
limestone.
On behalf of the Board of Directors of Verde Potash plc
Jed Richardson, Vice President of Corporate Development
Cautionary Language and Forward Looking Statements
THIS PRESS RELEASE CONTAINS CERTAIN "FORWARD LOOKING
STATEMENTS", WHICH INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH
RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCE OF THE
COMPANY, ITS SUBSIDIARIES AND ITS PROJECTS, STATEMENTS REGARDING
USE OF PROCEEDS, EXPLORATION PROSPECTS, IDENTIFICATION OF MINERAL
RESERVES, COSTS OF AND CAPITAL FOR EXPLORATION PROJECTS,
EXPLORATION EXPENDITURES, TIMING OF FUTURE EXPLORATION AND
PERMITTING, REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT
REGULATIONS OF MINING OPERATIONS, ENVIRONMENTAL RISKS, RECLAMATION
EXPENSES, TITLE DISPUTES OR CLAIMS, AND LIMITATIONS OF INSURANCE
COVERAGE. FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY
THE USE OF WORDS SUCH AS "PLANS", "EXPECTS", OR "DOES NOT EXPECT"
OR "IS EXPECTED", "ANTICIPATES" OR "DOES NOT ANTICIPATE", OR
"BELIEVES", "INTENDS", "FORECASTS", "BUDGET", "SCHEDULED",
"ESTIMATES" OR VARIATIONS OF SUCH WORDS OR PHRASES OR STATE THAT
CERTAIN ACTIONS, EVENT, OR RESULTS "MAY", "COULD", "WOULD",
"MIGHT", OR "WILL BE TAKEN", "OCCUR" OR "BE ACHIEVED". FORWARD
LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES
AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE
OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY
FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY
SAID STATEMENTS. THERE CAN BE NO ASSURANCES THAT FORWARD-LOOKING
STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE
EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SAID
STATEMENTS. ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON
FORWARD-LOOKING STATEMENTS.
Readers are cautioned not to rely solely on the summary of such
information contained in this release and are directed to the
complete set of drill results posted on Amazon's website
(www.amazonplc.com) and filed on SEDAR (www.sedar.com) and any
future amendments to such. Readers are also directed to the
cautionary notices and disclaimers contained herein.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: Amazon Mining Holding Plc Cristiano Veloso President
& Chief Executive Officer +44 (0) 20 8133 7607 +44(0)20 7405
7773 (FAX) cv@amazonplc.com Amazon Mining Holding Plc Jed
Richardson VP Corporate Development +1(416)866-2966 +1(416)866-8829
(FAX) jed@amazonplc.com www.amazonplc.com
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