Subject to the approval of the TSX Venture Exchange, th e effective date of the Consolidation is to take
NORTH AMERICAN POTASH DEVELOPMENTS INC.
3467 Commercial Street Vancouver BC V5N 4E8 Tel: 604 638-7382 Fax: 604 871-9926
May 17, 2016 Symbol: NPD News Release
Share Consolidation
Vancouver, British Columbia, Canada, May 17, 2016 – North American Potash Developments Inc.(the “Company”) (TSXV: NPD) announces that the Board of Directors have determined that it is in the best interests of the Company to proceed with a share consolidation of its 35,075,031 issued common shares without par value into 3,507,503 common shares, on a basis of ten (10) old shares for one (1) new share (the “Consolidation”). Pursuant to the articles of the Company, the Board of Directors approved the Consolidation by way of directors’ resolution on May 11, 2016.
Subject to the approval of the TSX Venture Exchange, the effective date of the Consolidation is to take place at market open on May 18, 2016.
The Company does not plan to change its corporate name in conjunction with the Consolidation and the Consolidation remains subject to the approval of the TSX Venture Exchange.
For further information, please contact:
Simon Tam Telephone: (604 638-7382)
On behalf of the Board of Directors of
NORTH AMERICAN POTASH DEVELOPMENTS INC.
“Simon Tam”
Simon Tam President & Director
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