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Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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African Potash Ltd To Acquire Potash Asset in the Republic of Congo


Tuesday, 29 Jan 2013 02:00am EST 

African Potash Ltd announced that it has re-entered into an agreement to acquire an indirect 70% interest in La Societe des Potasses et des Mines S.A., which holds the exclusive right to conduct mining research activities for potash salts over the Lake Dinga Project in the Republic of Congo. The acquisition follows the grant of a formal Permis de Recherches. The Company also announced that the total maximum consideration payable for the acquisition is USD 15 million which will be satisfied by the issue and allotment of up to USD 12 million worth of new ordinary shares in the Company at 10p per Share and by the payment of up to USD 3 million in cash. 

Company Quote

2.8
0.0 +0.00%
15 Sep 2014