TORONTO, Canada - Ubika Research has issued a research bulletin on Allana Potash Corp. (TSX VENTURE: AAA) in a report, "BHP’s potash acquisition in Saskatchewan – Will this bring Allana into play?” (dated February 1, 2010).. On January 28, 2010, Australia based mining major BHP Billiton plc (NYSE: BHP) announced that it will purchase Athabasca Potash Inc (TSX: API) for about $341 million. BHP owns the Jensen project which is adjacent to Athabasca’s potash property in Saskatchewan.
Allana’s properties in Danakhil basin (Ethiopia) are adjacent to BHP’s Ethiopian properties. Ubika Research views these developments favourably as it underscores the potential value of Allana’s potash properties in Ethiopia. Download the free report at http://www.smallcappower.com/microsite/research_reports.aspx?CompanyID=7
About Allana Potash Corp
Allana Potash Corp. (TSX-VEN: AAA) is a Canadian potash company focusing on the exploration and development of a previously explored Dallol potash property in the Danakil Depression, Ethiopia. The Danakil depression had small-scale potash production in the 1920’s and was extensively explored in the 1960’s with nearly 300 potash drill holes. The Company has a strong management with experience in potash industry and 43-101-compliant resources of over 100 million tonnes.About Ubika Research
Ubika offers research, analytics and communications solutions to various areas of the financial services industry. We offer solutions that enhance revenue generation capabilities and provide clear competitive advantages. For more information visit www.ubikaresearch.com
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Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.Ubika Research, a division of Ubika Corporation, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit:
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For additional information contact:
Vikas Ranjan vikas@ubikacorp.com