08:05:56 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



North American Potash Developments Inc
Symbol NPD
Shares Issued 35,075,031
Close 2014-10-30 C$ 0.01
Market Cap C$ 350,750
Recent Sedar Documents

N.A. Potash optionee Passport cancels Holbrook option

2014-10-31 19:31 ET - News Release

Mr. Simon Tam reports

North American Potash Developments Inc. has received a notice of termination from Passport Potash Inc. with respect to the agreement entered into among the company, Potash Green LLC, Wendy Walker Tibbetts, Joseph J. Hansen and the optionee whereby the optionors had granted the optionee an option to acquire a 100-per-cent interest in and to its Holbrook Basin potash property in Apache county, Arizona.

The company has been made aware that certain of the leases consisting of a portion of the property may have expired during the currency of the option agreement, or as a result of the actions or inactions of the optionee, and the company is evaluating its options as to how to best proceed to seek compensation or recover any damages it may suffer as a result of same.

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