K+S now owns 81 percent of Potash One

Vancouver-Potash One Inc. said Jan. 19 that it has been advised by K+S Canada Holdings Inc., an indirect wholly owned subsidiary of Germany’s K+S Aktiengesellschaft, that 78,802,378 common shares of Potash One have been deposited to K+S Canada’s offer to acquire all of the issued and outstanding Potash One shares for C$4.50 in cash per Potash One share. The Potash One shares deposited to the offer represent approximately 81 percent of the issued and outstanding Potash One shares as of Jan. 18, 2011. K+S announced plans for a “friendly” acquisition of Potash One last November (GM Nov. 29, 2010).