Press release from Newsfile Corp
Positive Market Reaction as Allana Potash Receives Mining License for Its Potash Project in Ethiopia
Thursday, October 10, 2013
Positive Market Reaction as Allana Potash Receives Mining License for Its Potash Project in Ethiopia10:41 EDT Thursday, October 10, 2013
Toronto, Ontario--(Newsfile Corp. - October 10, 2013) - Today Ubika Research has released a research bulletin giving viewers their analysis after Allana Potash (TSX: AAA) takes another major step towards production by receiving a mining license from the Ethiopian Council of Ministers for its potash project in Ethiopia.
You can see the research bulletin here: http://www.smallcappower.com/posts/article-allana-potash-10-10-2013 .
In today's analyst research bulletin, Ubika Research lead analyst Vikas Ranjan writes about Allana's recent announcement whereby the company has received the Mining Licence for the Danakhil Potash Project from the Ethiopian Ministry of Mines, after receiving approval of the Ethiopian Council of Ministers. The Company stated that Allana's Mining Licence was issued after a detailed review by the Ministry of Mines and other Ethiopian government departments of the Project's Feasibility Study and Environmental, Social and Health Impacts Assessment (ESHIA), which was approved in May 2013 by the Ethiopian Environmental Protection Authority and Ministry of Mines.
To learn more about Allana Potash, you can view their initiation research report, research bulletins, analyst commentaries and CEO video interview on their SmallCapPower.com Investor Hub: http://www.smallcappower.com/companies/products/allana-potash-corp .
About Allana Potash Corp. (TSX: AAA)
Allana Potash Corp. (TSX: AAA), (OTCQX: ALLRF) is mining company with a focus on the acquisition and development of potash assets internationally. The Company is currently developing its previously explored, flagship property, in Ethiopia, the Dallol Potash Project, in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, a member of Liberty Mutual Group. Allana has measured and indicated Sylvinite resources of 171.36 Million Tonnes of 30.9% KCl; inferred Sylvinite resource of 46.62 million tonnes grading 30.25% KCl; measured and indicated Kainitite resources of 701.55 million tonnes at 20.26% KCl, inferred Kainitite resource of 373.71 million tonnes of 20.35% KCl.
About Ubika Research
Ubika is an investment research and capital market services firm based in Toronto and Vancouver with a proven track record of identifying and launching coverage of high potential small cap stocks at an early stage, thus offering timely market insights. Its specialty is small-cap companies with a market capitalization of <$5 billion.
Ubika Research has received compensation from Allana Potash to provide analyst research coverage.
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://www.smallcappower.com/pages/small-cap-power-disclosure .
For additional information contact:
Vikas Ranjan, Managing Director