Prospect Global, Apollo part ways; company names new president

摘要

Junior potash company Prospect Global Resources Inc., Denver, reports that it and its chief financial backer, an affiliate of Apollo Global Management LLC, have parted ways. The two announced last fall that Apollo planned to issue some $100 million in notes that would begin funding Prospect Global's startup American West Potash Project in Arizona's Holbrook Basin beginning in first half 2013 (GM Dec. 3, p. 10, Oct. 29, p. 1).