Drilling at the Allana Potash Corp. (TSX:AAA,OTCQX:ALLRF) previously explored potash property in Ethiopia has intersected two zones of strong potash mineralization in both Hole DK-11-29 ("Hole 29") and Hole DK-11-31 ("Hole 31). Hole 29 is located in the western portion of the concession block and was targeted to test potash mineralization west of Hole 9. Hole 29 intersected a strong Sylvinite Zone at a depth of 124.50 metres which yielded 20.51% KCl over 6.80 metres including a high grade section of 2.5 meters of 33.84% KCl from 124.50 metres to 127.00 metres. The Kainitite Zone was also intersected deeper in the hole at a depth of 227.30 metres and returned 21.35% KCl over 9.00 metres.
The previously announced Allana Potash Corp (TSX:AAA) public offering of common shares in all provinces of Canada other than Québec has now closed. Pursuant to the terms of the Offering, the Company has issued 25,000,000 Common Shares at a price of $0.80 per share, for aggregate gross proceeds of $20,000,000.
Allana Potash Corp.(TSX:AAA) announced new private placement financing with Liberty Metals and Mining Holdings. The closing of the financing is anticipated to occur on or before February 25th, 2012.
As quoted in the press release:
Allana Potash Corp.(TSX:AAA) announced the filing of the N1 43-101 Technical Report for its Danakhil Potash Project. The Company announced the report's results in November 2011.
Allana Potash Corp.(TSX:AAA) announced entering into an agreement to purchase 25,000,000 common shares at $0.80 each for gross proceeds of $20,000,000. The Company expect the closing of the offering to take place on February 2, 2012.
At its annual and special meeting of shareholders held Tuesday, December 6, 2011, Allana Potash Corp. (TSX:AAA,OTCQX:ALLRF)
announced the re-appointment of the officers and directors of the Company with 90% of shareholders in favour, and that shareholders voted to approve the rolling 10% stock option plan of the Company, the share bonus plan and the shareholder's rights plan.
Allana Potash Corp. (TSX:AAA) intersected two prominent zones of potash mineralization in hole 30.
As quoted in the press release:
Allana Potash Corp. (TSX:AAA,OTCQX:ALLRF) reported that it has intersected three zones of strong potash mineralization in Hole DK-11-28.
Allana Potash Corp. reports its clarification on its news release dated June 9th, 2010. In addition, Allana wishes to clarify the timing of the issuance of laboratory analyses for holes DK-10-01 and DK-10-02. The results of the analyses of DK-10-01 and DK-10-02 will be released as soon as the evaluations are completed which should be within a [...]
China’s recent growth slowdown put a huge dent in the commodities rally- but how will threats of stalling Chinese growth impact the potash market? Fortunately for potash, demand is not a China-only-story.
Monday, February 6, 2012