Shareholders Approve Company's Name Change to Verde Potash Plc–New Stock Symbol to be NPK
April 21 2011 - 8:52AM
Marketwired Canada
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.
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