WPX will be seeking the approval of the TSX Venture Exchange to extend the term of certain share purchase warrants
Western Potash Corp. (the "Company"), announces that it will be seeking the approval of the TSX Venture Exchange to the extension of the term of certain share purchase warrants issued on October 15, 2007, December 21, 2007 and January 14, 2008. The Company will be seeking an extension from the current expiry date of October 15, 2009 to April 15, 2011. The extension sought will, if approved, apply to all 44,739,000 warrants issued on those dates to investors, other than warrants exercised to date.
As originally issued, each Warrant entitled the holder to purchase one common share of the Company at the price of $0.75 per share at any time up to 4:00 pm (Vancouver time) on October 15, 2009. No amendment to the price is being sought.
About Western Potash
Western Potash is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.
ON BEHALF OF THE BOARD OF DIRECTORS
“J. Patricio Varas”
J. Patricio Varas
President and CEO
This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the Company’s programs. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.