Welcome To The Allana Potash HUB On AGORACOM

Focusing on the Dallol Potash Project in Ethiopia

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AGORACOM NEWS FLASH

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: AAA Allana
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AAA Allana

posted on Mar 02, 2010 05:35PM

Allana Potash retracing a little, today. Perhaps due to today's news:

"Allana Potash Corp. has entered into an agreement with a syndicate of agents led by Wellington West Capital Markets Inc. to sell units of the company at a price of 40 cents per unit for gross proceeds of $4-million, on a private placement basis. Each unit shall consist of one common share of the company and half of one common share purchase warrant of the company. Each whole warrant will be exercisable to purchase one common share of the company for a period of 18 months from issuance at a price of 50 cents.

The proceeds of the offering will be used to fund exploration and development efforts on the company's potash property in Ethiopia and for general working capital purposes..."

go

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