UPCO:PINKS 0.14 ▲0.005 (3.57%)


Company ID [PINK:UPCO] Last trade:0.14 Trade time:3:59PM EST Value change:▲0.005 (3.57%)
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Universal Potash - UPCO.OB

We are a natural resource exploration and development company engaged in the exploration and development of properties that may contain minerals in the United States. The Company is following a business plan that calls for Company representatives to research, negotiate and obtain highly prospective uranium or potash properties, following which the Company intends to enter into Joint Venture agreements to see the properties developed at a minimal cash cost to the Company.

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Paradox Basin

a massive Salt Anticline covering a large area of eastern Utah and western Colorado, contains as much as 2.0 billion tons of Potash in reports from the US Geological Society.  Production to date has almost entirely come from the Cane Creek Mine complex operated by Intrepid Potash, Inc., located 5 miles west of Moab, Utah, which has been in production since the mid 1960’s. Current production from the mine is in excess of 100,000 tons of Potash per year.

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What is Potash?

Potash bearing rock deposits occur in many regions of the world. They are derived from the minerals in ancient seas that dried up millions of years ago. Fertilizer potash is mostly derived from these potash rocks. It requires only separation from the salt and other minerals. There are no known substitutes for potash.

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We are pleased to announce the filing of certain Potash applications within the State of Utah. The applications cover a total of 29,000 acres near Moab, Utah.  Included in this is an Exploration Permit application covering a total of 3,880 acres (over 6 sections) of prospective ground northwest of Moab, and Potash Lease Applications for a total of 7,360 acres (11 ½ sections) of School Sections and a total of 17,760 acres (27 ¾ sections) of ground within the Known Potash Leasing Areas (“KPLA’s”) within 3 miles of Intrepids’ Cane Creek operations.

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Universal Potash Receives $1 Million Financing Commitment

Fox Island, WA, December 20, (UPCO.PK) Universal Potash Corp, an acquisition driven exploration stage potash mining corporation dedicated to increasing shareholder value, is pleased to announce it has entered into an equity financing agreement for up to $1,000,000 from an international funding source. The Management of Universal Potash’s principal focus with the availability of  the new funding will be the acquisition of additional  premium leasehold properties and the future development of these and our current  properties and business interests.

"As the international demand for Potash steadily increases, the Global demand for our potential Potash production has focused the investment communities spotlight on Universal Potash Corp, and its successful bid for additional Potash Lease Applications for a total of 640 acres of prospective ground northwest of Moab in the Paradox Basin of Utah as well as our current Potash applications pending approval, covering a total of 29,000 acres. We are thrilled to have closed this equity financing agreement as it will allow us to fund the implementation of our operations and acquisitions strategy. In light of this new funding commitment all current acquisitions under consideration will be reviewed and prioritized to maximize future growth.” stated Mr. Kevin Murphy, Universal Potash's CEO.

Under the terms of the agreement, Universal Potash has the right to call upon funds as needed. UPCO has received its first tranche which will be used for additional claim evaluations and operating expenses. United Potash Corp may draw up to $1,000,000 in total by issuing units consisting of one share of its common stock at $0.15 US and one common stock purchase warrant exercisable for the purchase of one additional share of common stock at $0.25 for the first 12 months and $0.50 if exercised by the end of the second year. The securities to be issued under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration

"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995: The statements in all press releases that relate to the company's expectations, with regard to the future impact on the company's results from new projects in development, are forward-looking statements. A complete disclosure of our “SAFE HARBOR “statement is posted on our website at www.UniversalPotash.com under the heading “NEWS”.

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