News Release
Western Potash Corp. To Trade On TSX Venture Exchange
WESTERN POTASH CORP. ("WPX")
BULLETIN TYPE: New Listing-IPO-Shares
BULLETIN DATE: May 5, 2008
TSX Venture Tier 2 Company
The Company's Initial Public Offering ('IPO') Prospectus dated April 29, 2008, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta, Saskatchewan, Manitoba and Ontario Securities Commission on April 30, 2008, pursuant to the provisions of the British Columbia, Alberta, Saskatchewan, Manitoba and Ontario Securities Act.
The gross proceeds received by the Company for the Offering were $20,003,500 (18,185,000 common shares at $1.10 per share). The Company is classified as a 'Mining' company.
Commence Date: At the opening Tuesday May 6, 2008, the Common shares will commence trading on TSX Venture Exchange.
Corporate Jurisdiction: British Columbia
Capitalization: Unlimited common shares with no par value of which 77,995,373 common shares are issued and outstanding.
Escrowed Shares: 13,082,323 common shares
Transfer Agent: Pacific Corporate Trust Company
Trading Symbol: WPX
CUSIP Number: 95922P 10 9
Agents: Wellington West Capital Markets Inc., Canaccord Capital Corporation and Genuity Capital Markets
Greenshoe Option: The Company has granted a Greenshoe Option for a period of up to 30 days entitling the Agents to purchase up to an additional 15% of the Offering at the Offering Price to cover over allotments, if any.
Agents' Warrants: 1,091,100 non-transferable share purchase warrants. One warrant to purchase one share at $1.10 per share up to 18 months.
For further information, please refer to the Company's Prospectus dated April 29, 2008.
Company Contact: Jorge Patricio Varas
Company Address: 2833 - 595 Burrard Street, Vancouver, BC V7X 1C4
Company Phone Number: (604) 689-1799
Company Fax Number: (604) 689-8199
Company Email Address: patvaras@aztecmetals.com
