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BRIEF-Potash Ridge to spin out Quebec assets and provides corporate update

Published 2017-09-20, 06:10 a/m
© Reuters.  BRIEF-Potash Ridge to spin out Quebec assets and provides corporate update

Sept 20 (Reuters) - Potash Ridge Corp PRK.TO

* Potash Ridge Corp - determined value of PRK does not reflect combined value of its two assets in both Utah and Quebec

* Potash Ridge - "It is in best interest" of shareholders that Valleyfield Fertilizer Corp be spun out from co into a separate publically traded vehicle

* Potash Ridge Corp - PRK intends to target its SOP production primarily at us market

* Potash Ridge Corp - believes that Valleyfield Project in Quebec will be best served as a stand alone entity based in and focused on Quebec market

* Potash Ridge - for Valleyfield Project, is reviewing options including equity spin out in favor of shareholders of co, sale for cash and equity, or a JV

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