Passport Potash Inc.: Repricing of Private Placement

29.12.2011  |  Marketwired

VANCOUVER, 12/29/11 - Passport Potash, Inc. (TSX VENTURE: PPI) (the 'Company') announces that is has repriced its non-brokered private placement announced on December 16, 2011 to $0.18 per unit. The exercise price of the warrants remains the same at $0.20. The Company intends to raise a total of $7,500,000 from the private placement for a total of approximately 5,000,000 units (the 'Offering'). Finder's fee may be payable on the Offering within the maximum amount permitted by the policies of the TSX Venture Exchange (the 'Exchange'). The Offering remains subject to Exchange acceptance.


On behalf of the Board of Directors PASSPORT POTASH INC.

Laara Shaffer
Director



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.



Contacts:

Passport Potash, Inc.
Peter J. Kletas, Corporate Communications
866-999-6251-Toll Free
peter@passportpotash.com

Passport Potash Inc.
Clive Mostert, Corporate Communications
780-920-5044
cmostert@passportpotash.com
www.passportpotash.com