Pacific Potash (TSXV:PP) is facing the shutdown of its Amazonas potash project after money set aside for taxes failed to make its way to Brazil.
The Vancouver-based company put out a brief press release on Monday announcing that funds wired to Brazil in order to make a tax payment to the National Department of Mineral Production were not received "for an unknown reason." As a result, the company's tenements in Brazil may end up being revoked by the department.
Calls to the company seeking comment were not immediately returned.
A statement posted to the website of Brazil's mining agency rehashes much of the same, but adds that the funds in question were for the payment of the annual fee per hectare.
The company's share price was pummeled on the back of the news, falling 25 percent on Tuesday, bringing its year-to-date fall to nearly 77 percent.
Pacific Potash has seen some upheaval over the course of the past year with a new management team being installed. Most recently, the company announced that Balbir Johal, who acted as CEO, director and executive co-chairman, as well as Bryce Clark, a director and chief financial officer, have both resigned. However, it has looked to balance that with drill results from Amazonas.
If Pacific Potash were to lose its project, it wouldn't be the first time a company has lost a property to the Brazilian government. Two years ago, Vale (NYSE:VALE) lost its Bomfim property after it was late filing yearly reports to the Brazilian mining agency. DuSolo Fertilizers (TSXV:DSF) was able to snap up the property and formed a partnership with Quantum Mineração.
Seit Wochen hat sich am Aktienkurs von PP nichts mehr getan...keinerlei Bewegung und ein "ausharren" auf niedrigstem Niveau. Die Internetseite von PP ist nicht mehr aufrufbar und anscheinend gesperrt. ich bin noch im Besitz von über 50.000 Aktien von PP.
Weiss jemand genaueres warum die Internetseite gesperrt ist und was bei PP (und den Bohrungen) los ist? Wäre um Informationen dankbar.....
DIE CHANCE In Zukunft Pacific Potash stellt eine einzigartige Gelegenheit für Investoren, denn es ist die einzige, im Amazonasbecken, die öffentlich gehandelt hat.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 14, 2015) - Pacific Potash Corporation (TSX VENTURE:PP) ("Pacific Potash" or the "Company") announces that it has received the approval from the TSX Venture Exchange (the "Exchange") to its proposed consolidation of its common shares (each, a "Share") on the basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation"). Effective at opening on September 14, 2015, the Company's Shares will commence trading on the Exchange on a consolidated basis under a new CUSIP number 694781204 and ISIN CA 6947812047. The 119,300,396 Shares currently issued and outstanding will be reduced to 11,930,040 Shares upon the Consolidation. The Company's name and trading symbol will remain the same.
Letters of transmittal with respect to the Consolidation will be mailed to all registered shareholders requesting them to send their pre-consolidated share certificates with a properly executed letter of transmittal to the Company's transfer agent, Computershare Trust Company of Canada, in accordance with the instructions provided in the letter of transmittal, to receive post-consolidation share certificates.
No certificates representing fractional Shares will be issued in connection with the Consolidation and, in the event a shareholder would otherwise be entitled to receive a fractional Share in connection with the Consolidation, the number of Shares to be received by such shareholder shall be rounded to the next lowest whole number of Shares and no cash amount shall be payable in respect of such fractional shares.
The Company will also be consolidating its outstanding options and warrants on a ratio of ten (10) to one (1), with the result that each consolidated option and warrant will entitle the holder to acquire one Share at an exercise price of ten (10) times its original exercise price. Pursuant to the terms of the outstanding options and warrants, the Company is not obligated to issue factional Shares upon exercise of any such options or warrants and, therefore, any Shares issuable post-consolidation upon the exercise of any outstanding options or warrants shall be rounded down to the nearest whole Share.
ihre Aktien zusammenzulegen. Für zehn Aktien dieser Gesellschaft, die am 11.09.2015, abends (Stichtag) in Ihrem Bestand waren, erhalten Sie eine Aktie derselben Gesellschaft. Dann können Sie über die neuen Aktien verfügen. Bitte beachten Sie, dass für die deutschen Börsenplätze Frankfurt und Stuttgart der abweichende Ex-Tag 15.09.2015 festgelegt wurde.
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----------- Keine Kauf-Verkaufsempfehlung. "Das Glück des einen ist das Unglück des anderen"
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