People & Business :: M&A
Ethiopian Potash acquires exploration authorization rights in Mali
9:39 AM MDT | April 23, 2013 | Francinia Protti-Alvarez
Ethiopian Potash Corp. (EPC; Toronto) and AIM-listed Premier African Minerals (London) have signed a definitive contract for the sale of Premier's G&B African Resources Mali subsidiary to EPC, the two companies have announced. G&B holds rights to acquire two exploration authorizations in Mali: the Taoudenni and Oglat projects. Each project is known to have produced sylvite, table salt, and other salts. The deal, once completed, will result in EPC issuing 20 million new shares to Premier, giving Premier an 11% stake in EPC. EPC has 481 sq...
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