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Ethiopian Potash Enters Deal for Acquisition of Phosphate Properties in Togo

Ethiopian Potash Corp. (FED.V) has reached an agreement to acquire Premier African Minerals Limited's phosphate properties in Togo.

Ethiopian will acquire all of the issued and outstanding shares of G and B African Resources SARL in exchange for Ethiopian issuing PREM 100 million Ethiopian common shares. G&B Togo is a wholly-owned subsidiary of Premier African and the holder of exploration permits located in northern and southern Togo for the exploration of phosphate, attapulgite clay and rare earth metals.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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