Ethiopian Potash Announces Research Coverage
23 March 2011 - 12:49AM
Marketwired
Ethiopian Potash Corp. (the "Corporation" or "EPC") (TSX VENTURE:
FED)(TSX VENTURE: FED.WT) is pleased to announce that its agents in
its most recent brokered financing, Fraser Mackenzie Limited and
Salman Partners Inc., have initiated research coverage on the
Corporation.
President and CEO David Wahl commented "We are very pleased by
the early and positive coverage from our underwriters. EPC expects
to commence drilling in late April 2011 with an initial objective
of increasing known resources and confirming the continuity of
mineralisation at shallow depth reported in recent press releases
by immediately adjoining exploration companies to the South and
East of EPC's property."
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE: FED)(TSX VENTURE: FED.WT)
is a Canadian company based in Toronto, Ontario, and Addis Ababa,
Ethiopia.
Ethiopian Potash controls 481 sq km of shallow mineralisation
potash development concessions in the fairway of the Danakil
Depression, Ethiopia. The company has an existing 128 mil ton
resource at 21% potash and is intent on aggressively fast-tracking
its properties to production.
On behalf of the Board of Directors
David Wahl, President and CEO
Forward-Looking Information
This press release may contain forward-looking statements based
on assumptions, uncertainties and management's best estimates of
future events. All statements that address future activities,
events or developments that the Corporation believes, expects or
anticipates will or may occur are forward-looking information.
Forward-looking information is based upon assumptions by management
that are subject to known and unknown risks and uncertainties
beyond the Corporation's control. There can be no assurance that
outcomes anticipated in the forward-looking information will occur
and actual results may differ materially for a variety of reasons.
Accordingly, readers should not place undue reliance on
forward-looking information. The Corporation undertakes no
obligations to update publicly or otherwise revise any
forward-looking information, except as may be required by law. For
a more detailed discussion of such risks and other factors that
could cause actual results to differ materially from those
expressed or implied by such forward-looking statements, refer to
the Corporation's filings with the Canadian securities regulators
available on www.sedar.com.
Neither the 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: Adam Chambers +14169079422
achambers@gmfbcommunications.ca David Wahl President & CEO
+14168437851 david@southamptonassociates.ca George Roach Chairman
+447796263999 george@regentresources.co.za
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