Potash One Appoints William Lupien as a Director
20 February 2008 - 7:28AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: KCL)(FRANKFURT: I5X)
is pleased to announce that William A. Lupien has joined the
Company's board of directors.
Mr. Lupien brings over 40 years of public-market financial
expertise and United States equity-market exposure to the Company's
board. Mr. Lupien was a specialist on the Pacific Stock Exchange
from 1968 until 1983, responsible for trading securities of many
public companies including IBM, Ford Motor, Occidental Petroleum,
Pfizer, Cyprus Mines, Warner Lambert, Bethlehem Steel, Digital
Equipment, Caesar's World, Harrah's, Hilton as well as others.
Mr. Lupien began his career with Mitchum, Jones & Templeton,
a New York Stock Exchange-member and specialist firm in 1965, where
he held various positions including president from 1974 through
1980. Mr. Lupien became chairman and chief executive officer in
1988 serving through 1995. Mr. Lupien was the chairman and CEO of
Instinet Inc. from 1983 until 1988. He has served as chairman of
OptiMark Inc., a company he established in 1995, with a mandate to
improve the structure and operational capabilities of the
securities market. Mr. Lupien is co-inventor of OptiMark's patented
trading technology, a revolutionary method of structuring markets
for securities and other fungible items.
Mr. Lupien has served on numerous private and public company
boards including Mitchum, Jones & Templeton, Instinet, National
Health Enterprises, Energy Metals Corporation and others. He held a
position as trustee of the Securities Industry Institute, and the
Securities and Exchange Commission national market advisory board
and was the governor of the Pacific Stock Exchange for six years.
Mr. Lupien is the co-author along with David Nassar of Market
Evaluation and Analysis for Swing Trading, published in 2004 by
McGraw Hill.
Mr. Lupien is currently a private investor and a financial
equity market consultant. He is on the board of directors of
Uranium One, Midway Gold Corp., Aflease Gold Ltd. and Skyler
Technology Inc.
Mr. Paul F. Matysek, President and CEO of Potash One, stated: "I
am very pleased to welcome Bill to Potash One on behalf of the
Board. He brings a wealth of experience, financial acumen and a
strong network of contacts. Management is looking forward to
working with Bill to develop strategic opportunities with his
network in Asia."
The Company reports that it has accepted the resignation of Mr.
Ken Ralfs as a director, to pursue other business interests. The
Company extends its gratitude for his contributions to the board
over the past three and a half years.
The Company has also granted an additional 500,000 stock options
pursuant to its previously approved stock option plan to directors,
officers and consultants. These options were granted at an exercise
price of $3.70 per share for a period of three years.
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul F. Matysek, M.Sc., P.Geo., President and Chief Executive
Officer
About Potash One:
Potash One Inc. is a Canadian resource company engaged in the
identification, acquisition, exploration and development of
advanced solution mine amenable potash properties. The Company
holds an option to acquire 100% interest in a 97,240 acre Potash
Subsurface Exploration Permit in Saskatchewan, Canada ("the Legacy
Project"). The Legacy Project was previously explored by Imperial
Oil Ltd. (now Exxon) and Lumsden Potash Corporation and is adjacent
to the largest producing solution potash mine in the world. The
Company has a solid balance sheet and experienced technical and
corporate management to advance its current project to the next
level.
Forward Looking Statement
This release includes certain statements that may be deemed to
be "forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. All statements in
this release, other than statements of historical facts, that
address further production, reserve potential, exploration and
development activities and events or developments that the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions such statements are
not guarantees of further 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 market prices, exploration and development successes,
continued availability of capital and financing, and general
economic, market or business conditions. Please see our public
filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Potash One Inc. Paul F. Matysek, M.Sc., P.Geo.
President and Chief Executive Officer (604) 331-4431 (604) 608-4979
(FAX) Email: info@potash1.com
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