Passport Potash Announces Hiring of Chief Operating Officer
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/06/13 -- Passport
Potash, Inc. ("Passport" or the "Company") (TSX VENTURE:PPI)
(OTCQX:PPRTF) is pleased to report that it has hired Michael X.
Schlumpberger as Passport's Chief Operating Officer.
Mr. Schlumpberger is a mining engineer with 27 years of experience in
the mining industry, with over 21 years with Potash Corporation of
Saskatchewan ("PotashCorp"). During his career he has acquired
significant experience in almost all phases of mining operations.
Before starting his career with PotashCorp, Mr. Schlumpberger began
his career as a mining engineer with the U.S. Bureau of Mines in
Minneapolis. He then worked as a production supervisor for Unimin
Corporation where he supervised the production of a 500,000 ton per
year silica sand mining and processing operation.
During his career with PotashCorp, Mr. Schlumpberger worked in many
positions, including: maintenance mining engineer, production
engineer for prestripping; production engineer for mine services
(blend and reclamation); mining engineer for mine and reclamation
planning for mining operations; mine services coordinator for mine
planning and services; assistant to manager of mining operations;
mill superintendent; maintenance and materials manager; operations
manager, and mine general superintendent.
As mine general superintendent, Mr. Schlumpberger was responsible for
all aspects of the underground mining and hoisting for an 8 million
tonne per year potash mine. He oversaw an expansion and upgrade to
increase production by approximately 50%, including hoisting, while
in normal production. He was accountable for productivity, process
and reliability improvements, budgeting, capital replacement program,
safety, and environmental compliance.
Mr. Schlumpberger's first duties will include primary responsibility
for the production of a pre-feasibility report which is expected to
be released in Q1 of 2014, and a feasibility report which is expected
to be released in Q1 of 2015.
"It is a once in a lifetime opportunity to work on bringing a
potential new potash mine into production, and I am thrilled to
become a part of this project," commented Mr. Schlumpberger.
"We are excited to bring Michael to this project," commented Joshua
Bleak, President and CEO. "It is rare to find someone with Michael's
level of potash expertise. We are confident that, with his expertise,
we will be able to meet any technical challenge we may face."
About the Holbrook Potash Project
Passport Potash Inc. is a publicly traded corporation engaged in the
exploration and development of advanced potash properties with its
major focus on a previously explored potash property in Arizona.
Passport has acquired a strategic position in the Holbrook Basin with
land holdings encompassing over 127,000 acres. Passport has also
entered into a joint exploration agreement with the Hopi Indian Tribe
to work toward developing about 13,000 acres of contiguous privately
held Hopi land.
On behalf of the Board of Directors
PASSPORT POTASH INC.
Joshua Bleak, President
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS". STATEMENTS
IN THIS NEWS RELEASE THAT ARE NOT PURELY HISTORICAL ARE
FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING
BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS
DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS
THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS.
STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT
ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS
"ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR
STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES
FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED
WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN
THE COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS ON FORM 10-K
OR FORM 10-Q AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE
INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS
ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE
COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND
LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES.
THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL
SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS.
THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS
RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE
FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL
RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS,
EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE
REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS
SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD
ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC
REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO
TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NONE OF FINRA, THE SEC
NOR THE BRITISH COLUMBIA SECURITIES COMMISSION HAS APPROVED OR
DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE
SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER
TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY
JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE
UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES
LAWS OF ANY SUCH JURISDICTION.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Passport Potash Inc.
Peter J. Kletas
Manager of Corporate Development
Toll Free: 866-999-6251
Passport Potash Inc.
Press spacebar to pause and continue. Press esc to stop.