Business
Verde Potash Welcomes New Directors and Appoints Leonardo Moretzsohn as Chairman
TORONTO , June 7, 2013 /CNW/ - Verde Potash (TSX: "NPK") ("Verde" or the "Company") he...
About this update from Verde Agritech Ltd
[{"type":"text","content":"\n\n\nTORONTO, June 7, 2013 /CNW/ - Verde Potash (TSX: \"NPK\") (\"Verde\" or the \"Company\") held its Annual General Meeting\n (\"AGM\") on June 5, 2013 in Toronto at 1:00pm ET. The Company is pleased\n to report that all resolutions put forth at the AGM were approved.\n\n\nIn addition, the Company appoints Mr. Leonardo Moretzsohn as Chairman of\n the Board of Directors and Mr. Jose Fernando Coura as a Director of the\n Board. The appointments bring membership on the Verde Board of\n Directors to 7, of which 6 are Non-Executive Directors.\n\n\nChairman Leonardo Moretzsohn, commented, \"I'm excited to be joining\n Verde and for the opportunity to leverage my experience in both project\n development and finance as we move forward. We have a fantastic\n opportunity to de-risk the project over the coming months and\n ultimately deliver a large-scale KCl operation that helps to alleviate\n Brazil's dependence on potash imports from foreign suppliers.\"\n\n\nAbout Verde Potash\n\n\nVerde Potash, a Brazilian fertilizer development company, is focused on\n advancing the Cerrado Verde project located in the heart of Brazil's\n largest agriculture market. Cerrado Verde is the source of a\n potash-rich deposit from which the Company intends to produce potassium\n chloride (KCl). In addition, the Company is developing its Calcario\n limestone project, limestone being a key raw material in the production\n of KCl.\n\n\nAbout the Cerrado Verde Potash Project\n\n\nCerrado Verde is a unique project: 1) its high grade potash rock\n outcrops and is amenable to strip mining, allowing fast construction of\n a scalable operation; 2) it is located in the midst of the world's\n third largest and fastest growing fertilizer market; 3) it connects to\n Brazil's largest fertilizer distribution districts via existing and\n high quality infrastructure; 4) it has the potential to supply KCl to\n Brazil's local agriculture market from its large potash-rich deposit.\n\n\n\n\n\nCautionary Language and Forward Looking StatementsNEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT\n TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS\n RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS PRESS RELEASE CONTAINS CERTAIN \"FORWARD LOOKING STATEMENTS\", WHICH\n INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUT...