North American Potash Receives Revocation of Cease Trade Order
North American Potash Developments Inc.
1600 - 609 Granville Street Vancouver, B.C. V7Y 1C3 (778) 331-8505
NORTH AMERICAN POTASH RECEIVES REVOCATION OF CEASE TRADE ORDER
Vancouver, British Columbia, Canada – August 3, 2018 – North American Potash Developments Inc. (TSX- V: NPD.H) (the “Company”), is pleased to announce that, following its filing of its audited annual financial reports for the years ending May 31, 2016 and 2017 along with its interim financial reports for the periods ended August 31, 2017, November 30, 2017 and February 28, 2018, the British Columbia Securities Commission has issued a full revocation order effective August 3, 2018 for the cease trade order imposed on October 4, 2016, for failure to file financial statements.
The Company also announces the appointment of Scott Ackerman, Doug McFaul and Brent Ackerman as directors of the Company. Scott Ackerman has also been appointed as President, CEO, Corporate Secretary and CFO of the Company. Simon Tam, Kevin Beaulieu, Craig Walker and Simon Ma have resigned as directors and officers of the Company. The Company would like to thank the foregoing individuals for their valuable services to the Company.
The Company currently does not have an active business, and will be investigating new business opportunities.
For further information, please contact Scott Ackerman at [email protected] or 778.331.8505.
On behalf of the Board,
North American Potash Developments Inc.
Scott Ackerman, Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable law.