11:43 AM EST - Passport Potash Inc. : said that it has signed a further amendment to the option agreement with Twin Buttes Ranch, LLC, a family owned ranching operation, dated August 28, 2009, which was subsequently amended on Dec. 4, 2009 and again on Sept. 7, 2010, whereby the option to acquire the Twin Buttes Ranch has been extended to Jan. 6, 2016. The Twin Buttes Ranch, which was one of Passport's first real property option purchase agreements, is comprised of approximately 28,000 acres of royalty free private land with intact surface, mineral and water rights. The amendment includes a $250,000 payment to be paid within thirty days of closing its next round of financing which is a minimum of $5.0 million dollars or Dec.1, 2013, whichever comes first. Passport Potash Inc.
shares V.PPI are trading down $0.005 at $0.10.
