/NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES/
TORONTO, Oct. 8 /CNW/ - Trigon Uranium Corp. (TSX-V: TEL) ("Trigon" or the "Corporation"), announced today that Intercontinental Potash Corp. ("ICP"), a private company owned 37% by the Corporation, has retained The Equicom Group Inc. ("Equicom") to provide strategic investor relations and communications services.
Equicom provides strategic communications services to approximately 100 public companies across a diverse range of industries. Under the terms of the agreement, ICP will pay Equicom a monthly retainer fee of $6,000 for select strategic communications services. The initial contract term is 12 months and commences immediately.
Neither Equicom nor any of its principals have an ownership interest, directly or indirectly, in ICP or its securities, or Trigon or its securities, and neither ICP nor Trigon has granted Equicom or its principals any rights to acquire any such interests. Equicom is a wholly-owned subsidiary of TMX Group Inc.
About Trigon Uranium Corp. and Intercontinental Potash Corp.
On June 19, 2009 a press release was issued to announce that Trigon has entered into a non-binding letter of intent to make an offer to acquire all of the issued and outstanding common shares of ICP. A shareholders' meeting of the Corporation is scheduled for October 26, 2009 at which Trigon shareholders are invited to consider and approve the acquisition of outstanding ICP shares not currently held by Trigon, and other related matters. Upon completion of the reverse takeover, Trigon intends to change its name to "Intercontinental Potash Corp." and continue to be listed on the TSX Venture Exchange in the mining issuer category.
ICP is engaged in the exploration and development of potash and potassium fertilizer mineral properties. Trigon currently holds approximately 37% of ICP through its ownership of 15,000,000 common shares of ICP. ICP is seeking to commercialize polyhalite as a slow-release fertilizer, and to produce potassium sulphate, from its Ochoa project in Lea County, New Mexico. Polyhalite is an evaporate mineral containing potassium, magnesium, sulphate, and calcium. ICP is also investigating other areas of the world for the possibility of exploring for and developing polyhalite deposits. ICP controls 100 % of the Ochoa property, which consists of federal sub-surface potassium permits granted by the Bureau of Land Management ("BLM") comprising an area of 36,589 acres. All reclamation plans, environmental plans, and archaeological work have been approved by the BLM. Bonds in respect of the drill program have been accepted and all cost recovery charges have been paid in accordance with federal regulations. The initial terms of the permits, granted on December 1, 2008, is two years and may be extended to four years in total if in the opinion of the BLM, exploration had proceeded in an expeditious manner. The prospecting permits include approval of a detailed 16 drill hole program covering the entire acreage.
Following the RTO, the business of Trigon is expected to focus exclusively upon the development of polyhalite deposits at Ochoa, and upon other polyhalite deposit properties which may be acquired on a going forward basis. In anticipation of the RTO, Trigon allowed all of its uranium property interests to lapse effective September 1, 2009.
About Equicom Group
Equicom, a wholly-owned subsidiary of TMX Group Inc., is a leading Canadian provider of investor relations and strategic corporate communications services. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and web design, web casting, live event management and corporate branding. Equicom is headquartered in Toronto, with offices in Montreal and Calgary. For further information, please visit www.equicomgroup.com.
Neither the 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.
SOURCE IC Potash Corp.
For further information: For further information: Intercontinental Potash Corp. and Trigon Uranium Corp.: Sidney Himmel, President & CEO, Tel: (416) 624-3781, Email: firstname.lastname@example.org; The Equicom Group, Joanna Longo, Investor Relations, Tel: (416) 815-0700 x233, Email: email@example.com