Allana Potash Corp., which has started feasibility study on its potash property in Ethiopia, announced yesterday that its common shares would start trading on the Toronto Stock Exchange at market open today.

Allana said that its stock symbol would remain "AAA".

Farhad Abasov, Allana's President and CEO, said that trading on the Toronto Stock Excange would enhance the company's already strong trading liquidity and attract a broader investor base to Allana.

"This is also a very important event for Ethiopia as Allana has become the first company with an Ethiopian mining asset to be listed on the TSX, the pre-eminent exchange for global mining companies," Abasov said.

Allana Potash Corp. announced Tuesday that it had signed a feasibility study contract with ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau for its Ethiopian Potash Project.

The feasibility study is scheduled to be completed in the second half of 2012 and will begin immediately.
Additional equipment is being mobilized to the site and expansion of the camp is underway according to Farhad Abasov, president and CEO of Allana.

Late in August, Allana Potash Corp. had awarded an Environmental and Social Impact Assessment Study (ESIA) on its Ethiopia potash project to Environmental Resources Management (ERM).

The ESIA is scheduled to be completed around August 2012 and will form an integral part of the feasibility study the company initiated Tuesday.

Source: Marketwire