Extension to Share Purchase Plan
Released
Released
Announcement PDF
ASX Announcement
4 August 2016
_____________________________________________________________________________________
EXTENSION TO POTASH WEST NL SHARE PURCHASE PLAN
COMPANY DETAILS
ABN: 62 147 346 334
PRINCIPAL AND
REGISTERED OFFICE
Potash West NL
Suite 3
23 Belgravia Street
Belmont WA 6104
POSTAL ADDRESS
PO Box 588
Belmont WA 6984
Fertiliser developer, Potash West NL (ASX:PWN) is currently operating a Share
Purchase Plan (SPP), as announced on 19 July 2016.
It is clear from discussions with a number of shareholders that some have not
received the documentation regarding the plan in sufficient time to review
completely. To allow that to take place it has been decided to extend the offer
period by 1 week to close at 5pm Friday 12 August 2016.
W www.potashwest.com.au
For further details please contact:
E info@potashwest.com.au
P +61 8 9479 5386
F +61 8 9475 0847
ASX CODE
PWN
FRANKFURT CODE
A1JH27
OTC PINK CODE
PWNNY
CORPORATE
INFORMATION
(4 August 2016)
292 M Ordinary shares
36M Partly paid shares
18M Listed Options
3M Unlisted options
BOARD OF DIRECTORS
Adrian Griffin
(Non-Executive Chairman)
Patrick McManus
(Managing Director)
Chew Wai Chuen
(Non-Executive Director)
Natalia Streltsova
(Non-Executive Director)
Potash West NL:
Patrick McManus
Managing Director
Mob:+61 408 956 798
Email:patrick.mcmanus@potashwest.com.au
Web: www.potashwest.com.au
About Potash West
Potash West (ASX:PWN) is an exploration company focused on developing large greensand
deposits in West Australia’s Perth Basin. The Company has already defined a substantial
resource base and is now investigating how best to recover phosphate, potash and other
minerals from the Dandaragan Trough Project (“DTP”). The project is well situated in
relation to infrastructure, with close access to rail, power and gas. A successful commercial
outcome will allow the Company to become a major contributor to the potash and
phosphate markets at a time of heightened regional demand.
The Company has a major land holding over one of the world’s largest known glauconite
deposits, with exploration licenses and applications covering an area of over 2,600km2.
Previous exploration indicates glauconite sediments are widespread for more than 150km
along strike and 30km in width. Current JORC compliant Indicated Mineral Resources stand
at 250Mt at 2.9% P2O5 of phosphate mineralisation and 175Mt at 4.2% K2O, amenable to
processing by the K-Max process (ASX release:3 June 2015). A pre-feasibility study is in
progress for stage 1, which is focused on production of phosphate fertilisers.
The Company also has 55% of a potash exploration project in the South Harz region of
Thuringia, in Central Germany. The region has been a potash producing area for over 100
years.
Share your feedback
Discover