Pacific Potash Corp. announced that it has engaged the services of Ocean Capital Inc. Ocean Capital will help Pacific Potash enter into international investment opportunities.
The work that Ocean Capital will be doing for Pacific Potash would entail elevating the company's visibility among private equity, investment, hedge mutual funds, and pension funds firms as well as high net worth individuals. To start, on July 15 in Hong Kong, Ocean Capital has arranged for Pacific Potash's engagement in its high-profile investment network. In addition, Ocean Capital will also serve as advisors of Pacific Potash.
Under the agreement, Ocean Capital will be receiving US$7,000 per month for 6 months for expenses. The agreement was still pending approval from regulators though.
According to Balbir Johal, Executive Co-Chairman of Pacific Potash, "We are convinced that working with Ocean Capital will allow Pacific Potash the opportunity to pursue additional funding for our drill program and expand our existing exploration plan. The focus of this trip is to grow our financing network and cultivate relationships to drive our business plan. I believe that the interest in Hong Kong will increase our market awareness on a global scale."
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