Passport Potash Inc. Announces New Board Appointments
July 19 2011 - 8:30AM
Marketwired
Passport Potash Inc. (TSX VENTURE: PPI)(OTCQX: PPRTF) is pleased to
announce the appointment of John Eckersley to the Board of
Directors of Passport Potash Inc. (the "Board"). Mr. Eckersley has
practiced law as a solo practitioner since 1999. His practice
focuses on securities compliance, corporate governance and estate
planning. He is currently serving as the Vice President, Legal and
Corporate Affairs, of Passport Potash Inc. since December 2010. At
Passport Potash Inc., Mr. Eckersley's current responsibilities
include corporate counsel, corporate governance, securities
compliance, land and mineral resource acquisition and permitting
with local, State and federal agencies. Mr. Eckersley served as the
Executive Vice President, Secretary and Treasurer of Digital
Business Resource, Inc., a telecommunications company, from 1996 to
1999, where he was a founder, and was responsible for developing
systems for office management, accounting, client services, vendor
coordination and marketing. Mr. Eckersley served as the General
Counsel of TIMI, a public finance advisory company, where he
advised the company on corporate strategy and was responsible for
the company's compliance filings.
Passport is also pleased to announce the appointment of Ali
Rahimtula to the Advisory Board of Passport Potash. Mr. Rahimtula
brings a wealth of experience and knowledge from over 5 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 pioneered the fertilizer business in India, and
has been a domestic industry leader since the 1960's. They are a
global company, recognized for their extensive business networks to
supply international fertilizer manufacturers for their critical
raw materials such as sulfur, rock phosphate, ammonia, phosphoric
acid and potash. The Rahimtula group has had traditional markets of
India and Pakistan but has also expanded our area of operations
into other countries such as Brazil, Vietnam, China, Thailand,
Philippines, and South Africa. The Rahimtula Group regularly
time-charters vessels, and charters vessels for almost all of its
shipments. 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.
Passport President Joshua Bleak commented, "We are very excited
about the new additions to our leadership. John Eckersley has been
essential to our work in the Holbrook Basin and has personally
orchestrated our agreement with the Hopi tribe. His ability to work
alongside partners with Passport is essential to the continued
growth of our company. As we push towards our 43-101, feasibility
study, and ultimately production John will be key to our success. I
am very pleased that we are been able to add Ali Rahimtula to our
advisory board. His experience and understanding of the
international fertilizer market is second to none. Ali will be
essential to the establishment of Passport Potash as a global
potash company. With the infrastructure that is in place, namely
the rail line that runs straight to the port of Long Beach, CA, it
is a perfect fit and Ali is the ideal person to advise us in the
direction of international distribution."
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 80,000 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
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