IC Potash Corp. (TSXV:ICP)
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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