Dominion Lending Centres Clearlease Reports Silver Lake Resources Inc. (TSXV:SKZ) plans to acquire privately held Pacific Canada Potash Ltd.
VANCOUVER – (April 8, 2011) Clearlease.com Reports Silver Lake Resources Inc. (TSXV:SKZ) announced plans today to acquire privately held Pacific Canada Potash Ltd. in a cash-and-share deal that will see Silver Lake undergo a name change.
The Vancouver-based concern said the deal, which includes payment of a total of $535,000 in cash as well as four million Silver Lake shares for PCPL, is expected to close by the end of April.
Silver Lake will concurrently change its name to Pacific Potash Corp. to reflect its new business, the company said in a release Thursday.
Under terms of the agreement, Silver Lake made an initial payment of $85,000 on signing of its letter of intent, with a further payment of $225,000 and four million shares due on closing of the transaction and an addition $225,000 six months after closing.
Effective on closing, Silver Lake said it also intends to grant up to an additional 4.9 million incentive stock options to new directors, officers and consultants of the company at 80 cents per share for a five-year period.
It also intends to complete a private placement financing for aggregate gross proceeds of up to almost $13.9 million.
PCPL currently holds a 100 per cent interest in the Provost potash property near the town of Provost, Alta..
Silver Lake shares were up 10 cents at 90 cents Thursday on the TSX Venture market.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
VANCOUVER – (April 8, 2011) Clearlease.com Reports Silver Lake Resources Inc. (TSXV:SKZ) announced plans today to acquire privately held Pacific Canada Potash Ltd. in a cash-and-share deal that will see Silver Lake undergo a name change.
The Vancouver-based concern said the deal, which includes payment of a total of $535,000 in cash as well as four million Silver Lake shares for PCPL, is expected to close by the end of April.
Silver Lake will concurrently change its name to Pacific Potash Corp. to reflect its new business, the company said in a release Thursday.
Under terms of the agreement, Silver Lake made an initial payment of $85,000 on signing of its letter of intent, with a further payment of $225,000 and four million shares due on closing of the transaction and an addition $225,000 six months after closing.
Effective on closing, Silver Lake said it also intends to grant up to an additional 4.9 million incentive stock options to new directors, officers and consultants of the company at 80 cents per share for a five-year period.
It also intends to complete a private placement financing for aggregate gross proceeds of up to almost $13.9 million.
PCPL currently holds a 100 per cent interest in the Provost potash property near the town of Provost, Alta..
Silver Lake shares were up 10 cents at 90 cents Thursday on the TSX Venture market.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Dominion Lending Centres Clearlease Reports Silver Lake Resources Inc. (TSXV:SKZ) plans to acquire privately held Pacific Canada Potash Ltd.
VANCOUVER – (April 8, 2011) Clearlease.com Reports Silver Lake Resources Inc. (TSXV:SKZ) announced plans today to acquire privately held Pacific Canada Potash Ltd. in a cash-and-share deal that will see Silver Lake undergo a name change.
The Vancouver-based concern said the deal, which includes payment of a total of $535,000 in cash as well as four million Silver Lake shares for PCPL, is expected to close by the end of April.
Silver Lake will concurrently change its name to Pacific Potash Corp. to reflect its new business, the company said in a release Thursday.
Under terms of the agreement, Silver Lake made an initial payment of $85,000 on signing of its letter of intent, with a further payment of $225,000 and four million shares due on closing of the transaction and an addition $225,000 six months after closing.
Effective on closing, Silver Lake said it also intends to grant up to an additional 4.9 million incentive stock options to new directors, officers and consultants of the company at 80 cents per share for a five-year period.
It also intends to complete a private placement financing for aggregate gross proceeds of up to almost $13.9 million.
PCPL currently holds a 100 per cent interest in the Provost potash property near the town of Provost, Alta..
Silver Lake shares were up 10 cents at 90 cents Thursday on the TSX Venture market.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###