Verde Files Third Quarter Financials
TORONTO, ON--(Marketwired - November 17, 2015) - Verde Potash (TSX: NPK) ("Verde", the "Company", or the "Group") is pleased to report on the Group's operating results and financial condition as per its unaudited interim financial statements for the quarter ended September 30, 2015. At September 30, 2015, the Group had current assets of $4,562,000 and current liabilities of $264,000 providing a working capital surplus of $4,298,000.
Corporate Governance Disclosure - Gender Diversity Policies
Set out below is the Company's corporate governance disclosure related to its gender diversity policies, as required by National Instrument 58-101. This disclosure was erroneously omitted from the Company's management information circular in respect of its 2015 annual and special shareholder meeting.
The Group does not have a formal policy with respect to the identification and nomination of female directors or executive management, or adopted targets for the representation of women on the Board or in executive management. While diversity is one issue of importance, the Board believes that the key to effective leadership is to choose directors and executive management that, having regard to a wide array of factors, possess the range of necessary independence, skills, experience, commitment and qualifications that are best suited to fostering effective leadership and decision making at the Company. Full disclosure of the Company's corporate governance policies with respect to gender diversity can be found in the Group's recently filed MD&A for the quarter ended September 30, 2015 (click here for the SEDAR filing of the Group's MD&A).
About Verde Potash
Verde Potash is an agri-tech company promoting sustainable and profitable agriculture through the development of its Cerrado Verde Project. Cerrado Verde, located in the heart of Brazil's largest agricultural market, is the source of a potassium-rich deposit from which the Company intends to produce TK47 as well as a range of advanced products for the agricultural market. TK47 is a multi-functional, innovative product that provides benefits for crop nutrition, crop protection, soil improvement and increased sustainability.
Cautionary Language and Forward Looking Statements
NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. This press release contains certain "forward looking statements", which include but is not limited to, statements with respect to the future financial or operating performance of the company, its subsidiaries and its projects, and statements regarding use of proceeds. Forward looking statements can generally be identified by the use of words such as "plans", "expects", or "does not expect" or "is expected", "anticipates" or "does not anticipate", or "believes", "intends", "forecasts", "budget", "scheduled", "estimates" or variations of such words or phrases or state that certain actions, event, or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved". Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by said statements. There can be no assurances that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in said statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Readers are cautioned not to rely solely on the summary of such information contained in this release and are directed to the complete set of drill results posted on Verde's website (www.verdepotash.com) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein.
Contact
For additional information please contact:
Cristiano Veloso
President & Chief Executive Officer
Tel: +55 (31) 3245 0205
Email: cv@verdepotash.com
www.verdepotash.com
Iwona Zakrzewski
VP Investor Relations & Corporate Secretary
Tel: (416) 866-2966
Email: iz@verdepotash.com