IC Potash Announces Results of 2014 Annual Meeting of Shareholders
02 Giugno 2014 - 1:30PM
Marketwired Canada
IC Potash Corp. ("ICP" or the "Company") (TSX: ICP) (OTCQX: ICPTF) today
announced the results of the voting at its annual general meeting of
shareholders (the "Meeting"), held on May 30, 2014 in Toronto, Ontario, Canada.
At the Meeting, all director nominees listed in the Company's management
information circular dated May 1, 2014 were elected as directors of the Company.
The detailed results of the vote by ballot are as follows:
% OF % OF
# OF VOTES VOTES # OF VOTES VOTES
FOR FOR WITHHELD WITHHELD
----------------------------------------------------------------------------
Election of Directors
Sidney Himmel 106,602,396 99.86 153,925 0.14
George Poling 104,770,596 98.14 1,985,725 1.86
Ernest Angelo, Jr. 106,625,596 99.88 130,725 0.12
Anthony Grey 106,626,596 99.88 129,725 0.12
Kay Randall Foote 104,770,596 98.14 1,985,725 1.86
Knute H. Lee, Jr. 106,612,796 99.87 143,525 0.13
Honourable Pierre Pettigrew, P.C. 106,623,096 99.88 133,225 0.12
Jorgen Stenvold 86,909,806 81.41 19,846,515 18.59
In addition, at the Meeting, shareholders reappointed Davidson & Company LLP as
auditors of the Company.
About IC Potash Corp.
ICP has demonstrated a low-cost method to produce Sulphate of Potash ("SOP")
from its 100%-owned Ochoa polyhalite deposit in southeast New Mexico. The
Company goal is to become a primary, long-term producer of SOP. The global
market for SOP is 5.5 million tons per year, with producers benefiting from
substantial price premiums over regular potash, known as Muriate of Potash
("MOP"). SOP is a non-chloride potash fertilizer widely used in the
horticultural industry and for high value crops, such as fruits, vegetables,
tobacco and potatoes. It is applicable for soils where there are substantial
agricultural activity, high soil salinity, and in arid regions. The Ochoa
Project has access to excellent local labor resources, low-cost electricity and
natural gas, water, rail lines, and the Port of Galveston, Texas. ICP's land
holdings consist of nearly 90,000 acres of federal subsurface potassium
prospecting permits and State of New Mexico potassium mining leases. For more
information, please visit www.icpotash.com.
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and uncertainties
and other factors which may cause the actual results, performance or
achievements of ICP to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Forward-looking statements include statements that use
forward-looking terminology such as "may", "will", "expect", "anticipate",
"believe", "continue", "potential" or the negative thereof or other variations
thereof or comparable terminology. Such forward-looking statements include,
without limitation, reserve estimates, ICP's expected position as one of the
lowest cost producers of SOP in the world, the timing of receipt and publication
of ICP's environmental permits, the sufficiency of ICP's cash balances, the
timing of production, and other statements that are not historical facts. These
forward-looking statements are subject to numerous risks and uncertainties,
certain of which are beyond the control of ICP, including, but not limited to,
risks associated with mineral exploration and mining activities, the impact of
general economic conditions, industry conditions, dependence upon regulatory
approvals, the uncertainty of obtaining additional financing, and risks
associated with turning reserves into product. Readers are cautioned that the
assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
FOR MORE INFORMATION, PLEASE CONTACT:
Mr. Mehdi Azodi
Investor Relations Director
Phone: 416-779-3268
Email: mazodi@icpotash.com
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