DENVER, Colorado, December 20, 2007 -- Today, Intrepid Potash, Inc. filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
Intrepid Mining LLC, the parent company of Intrepid Potash, is the largest producer of potash in the U.S. and is dedicated to the production and marketing of potash and langbeinite, another mineral containing potassium. Intrepid Mining owns five active potash production facilities -- three in New Mexico and two in Utah.
Morgan Stanley & Co. Incorporated is acting as sole book-running manager for the offering. The offering will be made only by means of a prospectus. When available, a written preliminary prospectus relating to the offering may be obtained from Morgan Stanley's prospectus department at 180 Varick Street 2/F, New York, NY 10014, by telephone at 866-718-1649, or by emailing prospectus@morganstanley.com.
A registration statement relating to Intrepid Potash, Inc.'s common stock has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
For further information: Intrepid Potash, Inc., Investor Relations, 303-820-4445, jan.roper@intrepidpotash.com
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