Potash One Announces Appointment of CFO
29 Janeiro 2008 - 3:37PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: KCL) is pleased to
announce the appointment of George Lim, CA, CGA, as Chief Financial
Officer of the Company. Mr. Lim brings more than 30 years of
accounting and financial management expertise to Potash One Inc.
Previously, he was the Chief Financial Officer of Energy Metals
Corporation, a NYSE-ARCA based company. Prior to this, Mr. Lim was
the Chief Financial Officer of a group of resource companies for 5
years with operations in North and South America, Australia and
Africa. He began his career at KMPG and has since held roles of
increasing responsibility, several of which were senior roles in
public practice and in the mining industry. As a key member of the
Company's management team, George will provide financial leadership
and play an important role in the Company's growth plans.
Paul F. Matysek, President and Chief Executive Officer of Potash
One Inc., stated: "I welcome the opportunity to work with George
again, as he brings a wealth of experience to our Company. George
will be a valuable addition to our management team as Potash One
enters its next phase of growth."
Paul F. Matysek, continued: "I would also like to extend my
sincere thanks to Mr. Jenkins for his contribution to the evolution
of the Company over the last year."
The Company has also granted an additional 600,000 stock options
pursuant to its previously approved stock option plan to directors,
officers and consultants. These options were granted at an exercise
price of $3.55 per share for a period of three years.
About Potash One:
Potash One Inc. is a Canadian resource company engaged in the
identification, acquisition, exploration and development of
advanced solution mine amenable potash properties. The Company
holds an option to acquire 100% interest in a 97,240 acre Potash
Subsurface Exploration Permit in Saskatchewan, Canada ("the Legacy
Project"). The Legacy Project was previously explored by Imperial
Oil Ltd. (now Exxon) and Lumsden Potash Corporation and is adjacent
to the largest producing solution potash mine in the world. The
Company has a solid balance sheet and experienced technical and
corporate management to advance its current project to the next
level.
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul F. Matysek, M.Sc., P.Geo., President and Chief Executive
Officer
Forward Looking Statement
This release includes certain statements that may be deemed to
be "forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. All statements in
this release, other than statements of historical facts, that
address further production, reserve potential, exploration and
development activities and events or developments that the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions such statements are
not guarantees of further performance, and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploration and development successes,
continued availability of capital and financing, and general
economic, market or business conditions. Please see our public
filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Potash One Inc. Paul F. Matysek, M.Sc., P.Geo.
President and Chief Executive Officer (604) 331-4431 (604) 608-4979
(FAX) Email: info@potash1.com
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