Founder of Anatolia Minerals, James Davidson, Appointed Director and Non-Executive Chairman of Passport Potash Inc.
March 03 2011 - 3:26PM
Marketwired
Passport Potash Inc. (TSX VENTURE: PPI) is pleased to announce the
appointment of James Davidson as a director and non-executive
Chairman of Passport Potash. A veteran of two decades in the mining
business, Mr. Davidson was a founding director of Anatolia Minerals
Development. He helped steward Anatolia's growth from a penny stock
to its recent transformation into Alacer Gold Corporation, (ASR -
Toronto) an intermediate gold producer with 400,000 ounces of gold
output annually, and a market cap of C$2.5 billion.
Davidson, the author of five books, is a graduate of the
University of Maryland, and Oxford University. He is the Chairman
of Ouro do Brazil Holdings Ltd. and is also a director of Core
Values Mining and Exploration, Ltd., a private company developing
gold resources in Colombia.
Passport President Joshua Bleak commented: "James Davidson has a
proven record in developing and growing businesses. He has had a
hand in launching five companies that attained a market cap of half
a billion dollars or more, and a dozen others that became worth
$100 million or more. We believe his deep industry knowledge and
capital markets experience will accelerate the success of Passport
Potash."
"I am delighted to join with Passport Potash's experienced
mining team," Mr. Davidson said. "According to the UN, the world's
population will reach 7.7 billion by 2020 and then escalate to 9.3
billion in 2050. All the while, the amount of arable land available
to feed this increased population is expected to fall. Another UN
estimate suggests that only 30% of the arable land used in the
1950s will be available in 2050. This points to a growing
importance of potash."
Passport also announces the resignation of Dr. Richard Hunter
from its board of directors. "On behalf of the Passport Potash
team, we would like to thank Dr. Hunter for his invaluable services
provided to the company," stated Joshua Bleak.
Passport Potash further announces that on Monday, March 14, 2011
it will be conducting a site visit of the Holbrook Basin potash
project near Holbrook, AZ. This will be an opportunity to observe
on-site progress and to interact with the Passport Potash
management team. Any parties interested in attending, please email
peter@passportpotash.com.
About Passport Potash
Passport Potash Inc. is a TSX-listed resource company engaged in
the exploration and development of potash properties. Passport has
acquired a strategic position in the Holbrook Basin with land
holdings encompassing over 70,000 acres. Passport's early entry
into the Holbrook Basin has positioned it well to take advantage of
the potential potash in the basin.
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. Corporate Communications Toll
Free: (855) 476 9774 or (780) 920 5044 www.passportpotash.com