Ali Rahimtula Joins Passport Potash Inc. Board of Directors
November 14 2011 - 7:30AM
Marketwired
Passport Potash Inc. (the "Company") (TSX VENTURE:PPI)(OTCQX:PPRTF)
is pleased to announce that Ali Rahimtula has agreed to join the
Company's Board of Directors. Mr. Rahimtula brings a wealth of
experience and knowledge from over four decades in the fertilizer
industry.
Mr. Rahimtula is the President and founder of Transnational
Enterprises LTD., DBA Transfert America. Transnational Enterprises
LTD. is a member of the Rahimtula Group. The Rahimtula Group was a
pioneer of the fertilizer business in India, and has been a
domestic industry leader since the 1960s. They are a global
company, recognized for their extensive business networks to supply
international fertilizer manufacturers for their critical raw
materials such as sulphur, rock phosphate, ammonia, phosphoric acid
and potash.
The Rahimtula group has operated in the traditional markets of
India and Pakistan but has also expanded its area of operations
into other countries such as Brazil, Vietnam, China, Thailand,
Philippines, and South Africa. They are also experienced in
executing joint-venture fertilizer production and marketing
contracts in the Middle East, Asia, and Africa as well as in Europe
and the CIS.
"We are thrilled to add a person on our board with the
credentials and experience that Mr. Rahimtula possesses. We value
his expertise and knowledge in all aspects of the potash business
and his input will be invaluable as we move forward," stated CEO,
Joshua Bleak.
Passport also announces that Mr. James Davidson will be stepping
down from the board effective immediately. "You have my best wishes
for the great success that should lie in store. I regret that other
commitments will preclude me from participating as fully as I would
have liked," said Mr Davidson. Passport would like to thank him for
his time served on the board and wish him well in his future
endeavours.
About Passport Potash Inc.
Passport Potash Inc. is a publicly traded corporation engaged in
the exploration and development of advanced potash properties with
its major focus on a previously explored potash property in
Arizona. Passport has acquired a strategic position in the Holbrook
Basin with land holdings encompassing over 81,315 acres. For more
information regarding the Holbrook Basin, please visit
http://www.azgs.az.gov/arizona_geology/Summer%2008.pdf.
On behalf of the Board of Directors of Passport Potash Inc.
Joshua Bleak, President
Forward-Looking Statement
This news release includes certain statements that may be deemed
"forward-looking statements". Forward-looking information includes,
but is not limited to: statements with respect to the effect and
estimated timeline of the drilling and assay results on the
Company; the estimation of mineral reserves and mineral resources;
the timing and amount of estimated future exploration; costs of
exploration; capital expenditures; success of exploration
activities; permitting time lines and permitting; government
regulation of mining operations; potential future expansion of the
PFNP; environmental risks; unanticipated reclamation expenses; and
title disputes or claims. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". 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 Freepeter@passportpotash.com
Passport Potash Inc. Clive Mostert Corporate Communications
780-920-5044cmostert@passportpotash.comwww.passportpotash.com
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