The Toronto Stock Exchange has granted a final approval for an emerging potash player to list its shares on the TSX. Potash One Inc. will trade under the ticker "KCL" on the TSX starting on Wednesday, June 18, 2008. It looks like it is venture listed already because its website has the full financial disclosures and you can see its most recent balance sheet. As of that date the company listed that it had 27.236 million weighted average shares outstanding.
The Company holds an option to acquire 100% interest in a 97,240 acre Potash Subsurface Exploration Permit and owns 100% of three other Potash Subsurface Exploration Permits covering 239,103 acres that are contiguous to the Legacy Project in Saskatchewan, Canada. The Legacy Project was previously explored by Imperial Oil Ltd., now part of Exxon Mobil (NYSE: XOM) and Lumsden Potash Corporation and is adjacent to one of the largest producing solution potash mines in the world.
Jon C. Ogg
June 17, 2008
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