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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