Allana Potash is pleased to announce today the successful completion of the previously announced plan of arrangement under the Business Corporations Act (Ontario) pursuant to which Israel Chemicals Ltd., through a wholly-owned subsidiary, acquired all of the issued and outstanding common shares of Allana. Under the terms of the Arrangement, (i [...]
Allana Potash is pleased to announce that at a special meeting of the shareholders and optionholders of the Company held on June 15, 2015, the Securityholders approved the previously announced acquisition by Israel Chemicals Ltd. of all of the outstanding common shares of Allana by way of a plan of arrangement.
Allana Potash is pleased to announce that both Institutional Shareholder Services and Glass, Lewis & Co., two leading independent proxy advisory firms, have recommended that shareholders of Allana support the proposed plan of arrangement between Allana and Israel Chemicals Ltd. at the special meeting of shareholders scheduled for June 15, 2015. The [...]
Allana Potash has filed a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects in support of an independent Preliminary Economic Assessment prepared by Ercosplan Ingenieurgesellschaft Geotechnik und Bergau on the production of Sulfate of Potash at its Danakhil Potash Project in [...]
Allana Potash is pleased to announce that it has entered into a definitive arrangement agreement with Israel Chemicals Ltd, pursuant to which ICL will acquire, through an indirect wholly-owned subsidiary, all of the outstanding common shares of the Company not currently owned by ICL or its affiliates. The Transaction will be effected by way of a [...]
Allana is pleased to announce positive results of an independent Preliminary Economic Assessment prepared by Ercosplan Ingenieurgesellschaft Geotechnik und Bergau on the production of Sulfate of Potash at its Danakhil Potash Project in Ethiopia. The PEA is based on commercial operations that produce one million tonnes per year of a standard SOP [...]
Allana Potash congratulates director Betty-Ann Heggie on her recent selection as the winner of the 2015 Women in Mining Canada Trailblazer Award. The honour is the first national award in Canada to recognize the achievements of women who have made a significant contribution to Canadian mining and/or the inclusion of women in the industry [...]
Allana Potash announces that the nominees listed in the management proxy circular for the 2015 Annual Meeting of Shareholders were elected as directors of the Company. Detailed results of the vote for the election of directors held at the meeting on January 20, 2015 in Toronto, Ontario are set out below. ...
Allana Potash commends ICL for its recent announcement initiating its "Potash for Growth" program in Ethiopia. The program is designed to unlock the potential of agriculture in Ethiopia by promoting balanced fertilization among Ethiopia's small and private farmers in order to increase their agricultural productivity and economic benefits from [...]
Allana Potash is encouraged by the successful US$ 1 billion Eurobond issue (10-year) recently launched by the Ethiopian Ministry of Finance. The sovereign debt offering was over-subscribed and was priced to yield 6.625%, below its original benchmark rate of 6.75%. This marks a first for Ethiopia in the Eurobond market and strong demand for the [...]
Allana Potash is pleased to provide an update on optimization studies currently underway on its Danakhil Potash Project in Ethiopia and on additional project infrastructure activities. Optimization studies include additional solution mining at Well SW3 and an aquifer stress test (AST) on one of the alluvial fan complexes to assess the potential [...]
Allana Potash is pleased to report that its senior management hosted a delegation of top Ethiopian government officials in Toronto as part of the Africa - Canada Trade/Economic Summit held in Canada recently. The delegation was represented by a number of senior Ethiopian government officials including Mr. Ato Kassa Tekle-Berhan, Speaker of the [...]
