in this issue
People & Business :: Earnings/Finance
ICL acquires over 30 million Allana Potash shares
March 31, 2014 | Lindsay Frost
ICL Corp. (Tel Aviv) announced that it has acquired over 30 million units of Allana Potash Corp. (Toronto) at a price of 47 cts/share—bringing ICL’s total stake to 53,191,489 common shares. This results in ICL owning approximately 37% of issued and outstanding common shares on a partially diluted basis, the company says. The units were required as a part of a share purchase agreement made in February for ICL to invest about $23 million in shares of Allana. Allana is a potash mining company. ICL will support Allana in its development of the previously...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee