Post# of 28537
Posted On: 11/15/2012 10:15:03 AM
608,1199 West Pender StreetVancouver, BC V6E 2R1Tel: (604) 687-0300 Fax: (604) 687-0151www.passportpotash.com PASSPORT POTASH INC.(TSX.V – PPI) Passport Potash Inc.Announces $12,500,000 Private Placement Vancouver, B.C. – November15, 2012. Passport Potash, Inc. (“Passport” or the“Company”) (PPI: TSX.V, OTCQX
PRTF) ispleased to announce that is has arranged a non-brokered fully subscribedprivate placement for 69,444,444 Units at a price of $0.18. Each Unit consists of one common share andone-half of one share purchase warrant. Each warrant will entitle the holder topurchase an additional common share at a price of $0.25 for a period of fiveyears. Finders’ fees may be paid incertain instances. The proceeds from theprivate placement will be used for property payments, general working capitaland the exploration program of the Company. The foregoing is subject to regulatory approval.“This financing is a significant step towards meeting our near andmedium term funding needs, including the preliminary economic assessment andpre-feasibility studies,” commented Joshua Bleak, Passport’s president andCEO. “As we proceed forward we will explore all funding mechanisms to raise the capital necessary to completethis project.” AboutPassport Potash, Inc.Passport Potash Inc. is a publicly traded corporationengaged in the exploration and development of advanced potash properties withits major focus on a previously explored potash property in Arizona. Passporthas acquired a strategic position in the Holbrook Basin with land holdingsencompassing over 121,000 acres. Passporthas also entered into a joint exploration agreement with the Hopi Indian Tribeto work toward developing over 13,000 acres of contiguous privately held Hopiland.Onbehalf of the Board of Directors of PassportPotash Inc. JoshuaBleak, President Forward-Looking StatementThisnews release includes certain statements that may be deemed"forward-looking statements". Forward-lookinginformation includes, but is not limited to: statements with respect to the effect and estimated timeline of thedrilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing andamount of estimated future exploration; costs of exploration; capitalexpenditures; success of exploration activities; permitting time lines andpermitting ; government regulation of mining operations; potential futureexpansion of the PFNP; environmental risks; unanticipated reclamation expenses;and title disputes or claims. Generally, forward-looking information can beidentified by the use of forward-looking terminology such as "plans","expects" or "does not expect", "is expected","budget", "scheduled", "estimates","forecasts", "intends", "anticipates" or"does not anticipate", or "believes", or variations of suchwords and phrases or statements that certain actions, events or results"may", "could", "would", "might" or"will be taken", "occur" or "be achieved". All statements in this release, other thanstatements of historical facts, including the likelihood of commercial miningand possible future financings are forward-looking statements. Although theCompany believes the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are not guarantees offuture performance and actual results or developments may differ materiallyfrom those in the forward-looking statements. Factors that could cause actual resultsto differ materially from those in forward-looking statements include:unsuccessful exploration results; changes in metals prices; changes in theavailability of funding for mineral exploration; unanticipated changes in keymanagement personnel and general economic conditions. Mining is an inherentlyrisky business. Accordingly the actual events may differ materially from thoseprojected in the forward-looking statements. For more information on theCompany and the risks and challenges of its business, investors should reviewthe Company's annual filings that are available at www.sedar.com. NEITHERTSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM ISDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FORTHE ADEQUACY OR ACCURACY OF THIS RELEASE.Corporate CommunicationPeter J. Kletas866-999-6251-Toll Freepeter@passportpotash.comand/orClive Mostert780-920-5044cmostert@passportpotash.comwww.passportpotash.com
PRTF) ispleased to announce that is has arranged a non-brokered fully subscribedprivate placement for 69,444,444 Units at a price of $0.18. Each Unit consists of one common share andone-half of one share purchase warrant. Each warrant will entitle the holder topurchase an additional common share at a price of $0.25 for a period of fiveyears. Finders’ fees may be paid incertain instances. The proceeds from theprivate placement will be used for property payments, general working capitaland the exploration program of the Company. The foregoing is subject to regulatory approval.“This financing is a significant step towards meeting our near andmedium term funding needs, including the preliminary economic assessment andpre-feasibility studies,” commented Joshua Bleak, Passport’s president andCEO. “As we proceed forward we will explore all funding mechanisms to raise the capital necessary to completethis project.” AboutPassport Potash, Inc.Passport Potash Inc. is a publicly traded corporationengaged in the exploration and development of advanced potash properties withits major focus on a previously explored potash property in Arizona. Passporthas acquired a strategic position in the Holbrook Basin with land holdingsencompassing over 121,000 acres. Passporthas also entered into a joint exploration agreement with the Hopi Indian Tribeto work toward developing over 13,000 acres of contiguous privately held Hopiland.Onbehalf of the Board of Directors of PassportPotash Inc. JoshuaBleak, President Forward-Looking StatementThisnews release includes certain statements that may be deemed"forward-looking statements". Forward-lookinginformation includes, but is not limited to: statements with respect to the effect and estimated timeline of thedrilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing andamount of estimated future exploration; costs of exploration; capitalexpenditures; success of exploration activities; permitting time lines andpermitting ; government regulation of mining operations; potential futureexpansion of the PFNP; environmental risks; unanticipated reclamation expenses;and title disputes or claims. Generally, forward-looking information can beidentified by the use of forward-looking terminology such as "plans","expects" or "does not expect", "is expected","budget", "scheduled", "estimates","forecasts", "intends", "anticipates" or"does not anticipate", or "believes", or variations of suchwords and phrases or statements that certain actions, events or results"may", "could", "would", "might" or"will be taken", "occur" or "be achieved". All statements in this release, other thanstatements of historical facts, including the likelihood of commercial miningand possible future financings are forward-looking statements. Although theCompany believes the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are not guarantees offuture performance and actual results or developments may differ materiallyfrom those in the forward-looking statements. Factors that could cause actual resultsto differ materially from those in forward-looking statements include:unsuccessful exploration results; changes in metals prices; changes in theavailability of funding for mineral exploration; unanticipated changes in keymanagement personnel and general economic conditions. Mining is an inherentlyrisky business. Accordingly the actual events may differ materially from thoseprojected in the forward-looking statements. For more information on theCompany and the risks and challenges of its business, investors should reviewthe Company's annual filings that are available at www.sedar.com. NEITHERTSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM ISDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FORTHE ADEQUACY OR ACCURACY OF THIS RELEASE.Corporate CommunicationPeter J. Kletas866-999-6251-Toll Freepeter@passportpotash.comand/orClive Mostert780-920-5044cmostert@passportpotash.comwww.passportpotash.com 
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