TORONTO, June 19, 2018 (GLOBE NEWSWIRE) -- Potash Ridge Corporation. (the “Company”)(TSX:PRK) is pleased to announced that on June 6th, 2018 Annual General Meeting (\"AGM\") in Toronto, shareholders voted in favour of all items of business. A total of 28,049,730 votes were cast in person or by proxy at the AGM, representing 14.88% of the outstanding common shares as of the record date.
Election of Directors
|Nominee||Votes For||% For Votes||Withheld||% Withheld|
|R. Bruce Duncan||20,916,042||95.92%||889,100||4.08%|
|E. Richard Klue||20,847,042||95.61%||958,100||4.39%|
Appointment of Auditor
By a ballot vote, shareholders voted in favour of re-appointing MNP LLP as auditor, and authorized the Board to fix the auditor's remuneration for the ensuring year.
Approval of Unallocated Stock Options
The ordinary resolution to ratify, confirm and approve all allocations under the Corporation’s Stock Option Plan was carried by a majority of the votes cast in person and by proxy.
Approval of Name Change
The special resolution to authorise an amendment to the articles of the Corporation to change the name of the Corporation from ‘Potash Ridge Corporation’ to ‘SOPerior Fertilizer Corp.’ was carried by a two-thirds majority of the votes cast in person and by proxy.
About Potash Ridge
Potash Ridge's strategy is to become a premier producer of potassium sulphate in North America. The Corporation owns the SOP project: Blawn Mountain Project in Utah that plans to produce potassium sulphate by mining and processing alunite bearing rock.
On behalf of the Board of Directors
POTASH RIDGE CORPORATION
President & CEO
CEO, President and Chief Operating Officer
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available atwww.sedar.com).
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