North American Potash Developments, Inc. (RNGTF: OTC Link) | RESCIND ALUNITE PROPERTY OPTION AGREEMENT

RESCIND ALUNITE PROPERTY OPTION AGREEMENT

Sep 24, 2012

OTC Disclosure News Service

Vancouver, BC, Canada –

News Release

September 21, 2012

VANCOUVER, B.C., September 21, 2012 – North American PotashDevelopments Inc. (TSX.V:NPD; OTCQX: RNGTF; FSE: 3OZ) (“NA Potash” or the“Company”) announces that further to its February 27, 2012 news release inrespect to the agreement entered into to acquire an interest in certain mineralrights located at the northern end of the Patagonia Mountains, Santa CruzCounty, Arizona, the Company and the optionor have agreed to terminate theagreement by mutual consent.  The Board ofDirectors has approved this termination in furtherance of dedicating itsresources towards the ongoing litigation with Passport Potash Inc., and thefurther evaluation and eventual development of the Lisbon Valley Project.

 

On behalf of theBoard of Directors

“Simon Tam”

President Director

 

Disclaimer and Cautionary Statement Regarding Forward-LookingInformation

Neither TSX Venture Exchangenor its Regulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this press release. This news release shall not constitute an offerto sell or the solicitation of an offer to buy securities in any jurisdiction.

All statements, trendanalysis and other information contained in this press release relative tomarkets about anticipated future events or results constitute forward-lookingstatements. Forward-looking statements are often, but not always, identified bythe use of words such as “seek”, “anticipate”, “believe”,“plan”, “estimate”, “expect” and “intend” and statements that an event orresult “may”, “will”, “should”, “could” or “might” occur or be achieved andother similar expressions. Forward-looking statements are subject to businessand economic risks and uncertainties and other factors that could cause actualresults of operations to differ materially from those contained in theforward-looking statements. Forward-looking statements are based on estimatesand opinions of management at the date the statements are made. The Companydoes not undertake any obligation to update forward-looking statements even ifcircumstances or management’s estimates or opinions should change. Investorsshould not place undue reliance on forward-looking statements.  North American Potash Developments Inc. seekssafe harbor.

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/RNGTF/news?id=52874

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