Western Potash Corp. Adopts a Shareholder Rights Plan Agreement
Western Potash Corp. (the 'Company') (TSX: WPXFSE:
AHE) announces that the Company has adopted a Shareholder Rights
Plan Agreement (the 'Agreement') dated March 26, 2012, with
Computershare Trust Company of Canada for a term of three years. The
Agreement has been accepted by the Toronto Stock Exchange and was
ratified by the shareholders of the Company at the Company′s Annual and
Special General Meeting held on March 26, 2012.
The objective of the Board of Directors in adopting this Plan is to
achieve full and fair value for the Company′s shareholders in the event
of an unsolicited take-over bid for the Company. The Plan is intended to
give the Board of Directors and the shareholders of the Company a
reasonable amount of time to fully consider a bid if one is made, and to
protect the shareholders from unfair, abusive or coercive take-over
strategies. By virtue of the Plan′s implementation, anyone seeking to
obtain control of the Company will be encouraged to negotiate with the
Board of Directors prior to attempting a take-over, or to proceed by way
of a 'Permitted Bid?. Further information, including a summary of the
Plan, and the full Plan, can be found on SEDAR at www.sedar.com
under the headings "Proxy Circular′ and "Other′. The Company is not
aware of any pending or threatened take-over bid for the Company.
About Western Potash
Western Potash Corp. is a mineral exploration company engaged in the
evaluation, exploration and development of potash mineral properties in
Western Canada. The Company intends to develop a world-class potash
deposit in an ecologically sustainable, economically efficient and
socially responsible manner. For more information on Western Potash
Corp.′s projects, please visit the Company′s website at: www.westernpotash.com.
ON BEHALF OF THE BOARD OF DIRECTORS
J. Patricio Varas, President and CEO
'J. Patricio Varas?
For information on the contents of this release please contact John
Costigan, VP Corporate Development at 604-689-9378.
Cautions Regarding Forward-Looking Statements
The Company cautions the reader that there is no guarantee that any of
the potential outcomes set out or reffered to above, or the use of the
Plan, will actually occur. Except for statements of historical fact
relating to the Company, certain information contained herein may
constitute 'forward-looking information' under Canadian securities
legislation. Forward-looking information includes, but is not limited
to, statements with respect to the effect and estimated timeline of the
drilling and assay results on the Company, the estimation of mineral
reserves and mineral resources; the timing and amount of estimated
future exploration; costs of exploration; capital expenditures; success
of exploration activities; permitting time lines and permitting;
government regulation of mining operations; environmental risks;
unanticipated reclamation expenses; and title disputes or claims;
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as 'plans', 'expects' or 'does not
expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts',
'intends', 'anticipates' or 'does not anticipate', or 'believes', or
variations of such words and phrases or statements that certain actions,
events or results 'may', 'could', 'would', 'might' or 'will be taken',
'occur' or 'be achieved'. Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are
made and they are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking statements or
forward-looking information. Although management of the Company has
attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking statements
or forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance
on forward-looking statements and forwardlooking information. The
Company does not undertake to update any forward-looking statements or
forward-looking information that are incorporated by reference herein,
except in accordance with applicable securities laws.
Western Potash Corp.
John Costigan, VP Corporate Development
604-689-9378