VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/13/12 -- Passport Potash Inc. (TSX VENTURE: PPI) (the 'Company') is pleased to announce that, further to its news releases dated December 16 and 29, 2011, it has now closed the non-brokered private placement consisting of 41,666,425 units (each a 'Unit') of the Company, at a subscription price of $0.18 per Unit, for gross proceeds of $7,499,956.50 (the 'Offering
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