Faruqi & Faruqi, LLP Launches An Investigation Against Prospect Global Resources, Inc. (PGRX) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Prospect Global Resources, Inc. (“Prospect Global Resources” or the “Company”) (NasdaqCM: PGRX) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s Director and Consultant Equity Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on August 1, 2013, the Board of Directors recommends that Prospect Global Resources’ shareholders vote to approve an amendment to the Company’s Director and Consultant Equity Plan to increase the number of shares available for issuance under both this Plan and the Company’s Employee Equity Incentive Plan from 8,200,000 and 13,500,000 respectively to a total of 96,700,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Prospect Global Resources common stock.

Request more information now by clicking here: www.faruqilaw.com/PGRX . There is no cost or obligation to you.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Prospect Global Resources and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/PGRX or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

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