IC POTASH RECEIVES FINAL APPROVAL TO GRADUATE TO THE TSX
09 June 2011 - 9:00PM
PR Newswire (Canada)
TORONTO, June 9, 2011 /CNW/ -- TORONTO, June 9, 2011 /CNW/ - Mr.
Sidney Himmel, President and CEO of IC Potash Corp. (TSXV: ICP)
(OTCQX: ICPTF) ("IC Potash" or the "Company") today announced that
IC Potash has received final approval from the Toronto Stock
Exchange (the "TSX") to graduate from the TSX Venture Exchange
("TSXV") and list its common shares on the TSX. The common shares
of IC Potash are expected to commence trading on the TSX on Friday,
June 10, 2011 under the symbol "ICP". "The IC Potash team is proud
to have received final approval to graduate to the TSX," said
Sidney Himmel, President and CEO of IC Potash. "Graduating to the
TSX represents a significant corporate accomplishment and milestone
for the Company. The listing of our shares on the TSX is expected
to provide greater accessibility and liquidity to a broader group
of investors and provide increased market recognition and access to
capital. The TSX is the premier stock exchange in the world for
mining companies and a main-board listing will increase our
visibility with investors everywhere. I would like to thank
everyone who has been involved in the Company's development to date
for their hard work, which has led to the Company's graduation to
the TSX." Upon listing on the TSX, the common shares of IC Potash
will cease to trade on the TSXV. About IC Potash Corp. IC Potash
intends to become a primary producer of Sulphate of Potash ("SOP")
by mining its 100%- owned potash Ochoa property in New Mexico. SOP
is a non-chloride based potash fertilizer that sells at a
substantial premium over the price of Muriate of Potash ("MOP"),
the most widely used fertilizer in the world. Typically SOP
sells at a premium of 50% to MOP. IC Potash is focused on
being the lowest cost producer of SOP in the world. The SOP
market is six million tonnes per year. SOP is a significant
fertilizer in the fruit, vegetable, tobacco, potato, and
horticultural industries, and for agriculture in saline and dry
soils and soils in which there is agriculture with varieties of
crops. Much of the agricultural soil in China, India, and the
United States is salty. IC Potash's Ochoa property consists of over
100,000 acres of federal subsurface potassium prospecting permits
and the State of New Mexico Potassium mining leases. 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. To view this news release in HTML formatting, please use
the following URL:
http://www.newswire.ca/en/releases/archive/June2011/09/c4112.html p
please visit a
href="http://www.icpotash.com"www.icpotash.com/a or contact Sidney
Himmel at 416-624-3781 or 575-993-2758 /p
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