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30
NOV
2015

American Potash Corp. Announces Share Consolidation,Changes of Company’s Articles of Incorporation, Loan

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announces plans to consolidate all of the issued and outstanding common shares of the Company on an up to five for one basis. The Company plans to ask for shareholder approval of the proposed share consolidation at the Company’s Annual and Special Meeting on December 29th, 2015. The proposed share consolidation is being proposed in light of current market conditions.

The effect of the proposed consolidation will be to reduce the number of common shares issued and outstanding from 64, 260, 419 pre-consolidated common shares to 12, 852, 083 post-consolidated common shares.

The Company also plans amend its articles of incorporation at the Company’s Annual and Special Meeting on December 29th, 2015.

The Company announces it has arranged loans in the total amount of $75, 000 from two individuals, including a director of the Company. The loans each are unsecured and bear interest at a rate of 6 per cent per year. The loan proceeds will be used for working capital, as well as other current payables.

About the Company

American Potash Corp. is dedicated to the acquisition and development of potash mineral deposits in the USA and elsewhere.

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On behalf of the Board of Directors
“Rudy De Jonge”

Rudy De Jonge, CEO

 

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, are “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and Canadian securities laws. Forward Looking Statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development.  As a result, actual results may vary materially from those described in the Forward Looking Statements.

Key assumptions upon which the Company’s forward-looking statements and information are based include, but not limited to: the price of potash will rise and not fall significantly; the Company’s ability to secure new financing to continue its exploration and development activities; there being no significant changes in the ability of the Company to comply with environmental, safety and other regulatory requirements; the Company’s ability to obtain regulatory approvals in a timely manner; and the Company’s ability to achieve its growth strategy. These assumptions should be considered carefully by readers. Readers are further cautioned that the foregoing list of assumptions is not exhaustive.  Although the Company believes that the assumptions on which the forward-looking statements or information are made are reasonable, based on the information available to the Company on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct.