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Regions :: South America :: Brazil
Pacific Potash acquires 100% rights in the Amazonas Basin Potash property
8:21 AM MST | February 27, 2013 | Francinia Protti-Alvarez
Pacific Potash (Vancouver) says it has negotiated new terms to its previously announced option and joint venture agreement, dated 16 May 2012, with Western Potash (Vancouver) for the Amazonas Basin Potash claims in Brazil. Pacific Potash, under the new terms, holds 100% undivided interest in the Amazonas Basin Potash claims. The company says it will issue 1 million shares to Western Potash by 1 August, as part of the deal. "Through negotiation with Western, Pacific Potash now has the ability to increase its share of the option to acquire 100% of the...
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