TEXT-Statement from Canada’s Clement on Potash bid

Nov 2 (BestGrowthStock) – Canadian Industry Minister Tony Clement
issued the following emailed statement on Tuesday about anewspaper report that Investment Canada was recommending that
the government approve BHP Billiton (BHP.AX: )’s bid for Potash
(POT.TO: ) Corp.

National Post Publishes False and Misleading Information

Concerning reports in the National Post today on the
Investment Canada review of BHP Billiton’s bid for Potash Corp,
I want to be clear that the facts in the story are inaccurate.

No recommendation has been provided by Investment Canada
officials.

I am currently reviewing the facts of the case. As of yet
not decision has been made, and no decision or recommendation
has been communicated to the investor.

As per the Investment Canada Act, when a decision is made
it will be made by me in my capacity as Minister of Industry,
not by the Prime Minister.

It is unfortunate that Postmedia chose to run a story
without checking facts first, as it has misled many and invoked
some unnecessary reactions that have led to further erroneous
news reports across Canada and the world.

When dealing with any story it is a basic tenet of
journalism that information presented as fact should be
verified and credible. In this case, this erroneous story could
have cost investors who made misinformed financial transactions
based on bad facts.

In the future should any reporter wish to write a story
based on factual information, my your office is always open for
comment, clarification and fact checking.
(Toronto newsroom, +1 416 941 8100)

TEXT-Statement from Canada’s Clement on Potash bid