TORONTO, Sept. 27, 2011 /CNW/ - IC Potash Corp. ("ICP" or the "Company")
(TSX: ICP) (OTCQX: ICPTF), the New Mexico based Sulphate of Potash
(SOP) development company, announced today that Mr. Mark Frewin has
joined the Board of ICP effective immediately.
Mr. Sidney Himmel, CEO and Director of the Company commented, "We are
delighted to have Mr. Frewin join our Board of Directors. This
appointment demonstrates ICP's continued ability to attract high level
talent to our Board and management. Mr. Frewin's appointment also
provides considerable expertise in terms of executing our financial
development strategy to enter into joint ventures, supply agreements,
and credit facilities for the financing of our Ochoa Sulphate of Potash
Project. Mr. Frewin joins Mr. Duane Parnham, previously announced as a
Director of ICP. Mr. Frewin and Mr. Parnham recently achieved
considerable success working together for the shareholders of UNX
Energy, which was sold to HRT Participacoes em Petroleo S.A. for US$730
Mr. Mark Frewin is a partner at the law firm of McCarthy Tétrault, based
in their London office, and was formerly a partner with the Wall Street
law firm Milbank Tweed. Mr. Frewin has participated in numerous
financings for mining and oil and gas companies, and has advised
clients on the formation, financing and operation of joint ventures,
mergers and acquisitions, property option and earn-in agreements, metal
sales contracts and hedging arrangements, and royalty agreements. Mr.
Frewin received his MA from Cambridge University (Trinity Hall) and is
admitted as a solicitor in England and Wales.
About IC Potash Corp.
IC Potash intends to become a primary producer of Sulphate of Potash
("SOP") by mining its 100% owned potash Ochoa property in New Mexico.
IC Potash's Ochoa property consists of over 100,000 acres of federal
subsurface potassium prospecting permits and the State of New Mexico
Potassium mining leases. IC Potash is focused on being the lowest cost
producer of SOP in the world, a market that is six million tonnes per
year and growing. SOP is a non-chloride based potash fertilizer that
sells at a substantial premium over the price of Muriate of Potash
("MOP"). SOP is a significant fertilizer in the fruit, vegetable,
tobacco, potato, and horticultural industries, and for agriculture in
saline and dry soils and soils in which there is agriculture with
varieties of crops.
SOURCE IC Potash Corp.
For further information:
Please visit www.icpotash.com or contact Lisa Faiella at +1-778-838-2887 or Sidney Himmel at +1-416-624-3781.