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Passport Potash Announces Dismissal of Lawsuit and Acquisition of Exploration Permits

Passport Potash Inc. (PPI.V) announced that the lawsuit filed in Utah by North American Potash Developments Inc. and other parties has been dismissed with prejudice, and the exploration permits held by the NAPD Group have been assigned to Passport.

Pursuant to the terms of the amendment agreements, Passport has paid for and acquired a 100%, royalty free interest in the 25 Arizona State Land Department exploration permits on the east side of the Holbrook Basin which were held by the NAPD Group.

PPI shares declined half-a-cent to $0.235.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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