Dundee Capital Markets Adds Passport Potash to Its Fertilizer Watch List With a Venture Risk Buy Rating
April 21 2011 - 8:29AM
Marketwired
Passport Potash, Inc. (TSX VENTURE: PPI)(OTCQX: PPRTF) is pleased
to announce that Dundee Capital Markets has added the company to
its fertilizer watch list with a Venture Risk Buy Rating.
"We are thrilled to have a firm like Dundee Capital Markets that
has such strong investor reach issue a Venture Risk Buy Rating. We
believe that Mr. Kelertas is one of the most influential analysts
in the fertilizer sector", states CEO Joshua Bleak.
To view the report click here:
http://research.dundeesecurities.com/Research/PPI042011.pdf
Note: Dundee Capital Markets has not initiated formal continuing
coverage of Fertilizer Watchlist Companies. Venture Risk rated
companies are those companies that are generally at an earlier
stage of exploration and/or development, where no material resource
estimate, historic or compliant, exists. No price targets will be
set for Fertilizer Watchlist companies as there are limited
financial metrics upon which to base a reasonable valuation.
Valuation methodologies and models will not be provided for
Fertilizer Watchlist companies.
About the Holbrook Potash Project
Passport Potash Inc. is a TSX-listed resource company engaged in
the exploration and development of advanced potash properties.
Passport has acquired a strategic position in the Holbrook Basin
with land holdings encompassing over 86,000 acres. In addition,
Passport has a cooperative agreement with the Hopi Tribe, allowing
the company to access and conduct certain exploration activities on
an additional 12,853 acres of privately held Hopi land (not
reservation) while allowing the tribe to share in the study
results. For more information regarding the Holbrook Basin, see
http://www.azgs.az.gov/arizona_geology/Summer%2008.pdf
On behalf of the Board of Directors
PASSPORT POTASH INC.
Joshua Bleak, President
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, including the likelihood of
commercial mining and possible future financings are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include unsuccessful exploration
results, changes in metals prices, changes in the availability of
funding for mineral exploration, unanticipated changes in key
management personnel and general economic conditions. Mining is an
inherently risky business. Accordingly the actual events may differ
materially from those projected in the forward-looking statements.
For more information on the Company and the risks and challenges of
its business, investors should review the Company's annual filings
that are available at www.sedar.com.
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: Passport Potash Inc. Peter J. Kletas Corporate
Communications 866-999-6251-Toll Free peter@passportpotash.com
Passport Potash Inc. Clive Mostert Corporate Communications
780-920-5044 cmostert@passportpotash.com www.passportpotash.com
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