Verde Potash Welcomes New Directors and Appoints Leonardo Moretzsohn as Chairman
TORONTO, June 7, 2013 /PRNewswire/ –
Verde Potash (TSX: “NPK”) (“Verde” or the “Company”) held its Annual General Meeting
(“AGM”) on June 5, 2013 in Toronto at 1:00pm ET. The Company is pleased to report that all
resolutions put forth at the AGM were approved.
In addition, the Company appoints Mr. Leonardo Moretzsohn as Chairman of the Board of
Directors and Mr. Jose Fernando Coura as a Director of the Board. The appointments bring
membership on the Verde Board of Directors to 7, of which 6 are Non-Executive Directors.
Chairman Leonardo Moretzsohn, commented, “I’m excited to be joining Verde and for the
opportunity to leverage my experience in both project development and finance as we move
forward. We have a fantastic opportunity to de-risk the project over the coming months and
ultimately deliver a large-scale KCl operation that helps to alleviate Brazil’s dependence
on potash imports from foreign suppliers.”
About Verde Potash
Verde Potash, a Brazilian fertilizer development company, is focused on advancing the
Cerrado Verde project located in the heart of Brazil’s largest agriculture market. Cerrado
Verde is the source of a potash-rich deposit from which the Company intends to produce
potassium chloride (KCl). In addition, the Company is developing its Calcario limestone
project, limestone being a key raw material in the production of KCl.
About the Cerrado Verde Potash Project
Cerrado Verde is a unique project: 1) its high grade potash rock outcrops and is
amenable to strip mining, allowing fast construction of a scalable operation; 2) it is
located in the midst of the world’s third largest and fastest growing fertilizer market;
3) it connects to Brazil’s largest fertilizer distribution districts via existing and high
quality infrastructure; 4) it has the potential to supply KCl to Brazil’s local
agriculture market from its large potash-rich deposit.
Cautionary Language and Forward Looking Statements
NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED
IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE. THIS PRESS RELEASE CONTAINS CERTAIN “FORWARD LOOKING STATEMENTS”, WHICH
INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR
OPERATING PERFORMANCE OF THE COMPANY, ITS SUBSIDIARIES AND ITS PROJECTS, AND STATEMENTS
REGARDING USE OF PROCEEDS. FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY THE
USE OF WORDS SUCH AS “PLANS”, “EXPECTS”, OR “DOES NOT EXPECT” OR “IS EXPECTED”,
“ANTICIPATES” OR “DOES NOT ANTICIPATE”, OR “BELIEVES”, “INTENDS”, “FORECASTS”, “BUDGET”,
“SCHEDULED”, “ESTIMATES” OR VARIATIONS OF SUCH WORDS OR PHRASES OR STATE THAT CERTAIN
ACTIONS, EVENT, OR RESULTS “MAY”, “COULD”, “WOULD”, “MIGHT”, OR “WILL BE TAKEN”, “OCCUR”
OR “BE ACHIEVED”. FORWARD LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SAID STATEMENTS. THERE CAN BE NO
ASSURANCES THAT FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS
AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SAID STATEMENTS.
ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.
Readers are cautioned not to rely solely on the summary of such information contained
in this release and are directed to the complete set of drill results posted on Verde’s
website (http://www.verdepotash.com) and filed on SEDAR (http://www.sedar.com) and
any future amendments to such. Readers are also directed to the cautionary notices and
disclaimers contained herein.
SOURCE: Verde Potash Plc
For further information:
Cristiano Veloso, President & Chief Executive Officer, Tel: +55(31)3245-0205, Fax:
+55(31)3245-0205, Email: email@example.com
Jaret Anderson, CFA, VP Corporate Development, Tel: +1(416)866-2966; ext. 223, Fax:
+1(416)866-8829, Email: firstname.lastname@example.org
SOURCE Verde Potash Plc