Ethiopian Potash Corp. (FED.V) announced the renewal of Danakil mineral exploration licence 3137-3150/2000 obtained by G and B Central African Resources Ltd. from the Ministry of Mines and Energy of the Federal Democratic Republic of Ethiopia for the period up to and including August 21, 2013.
Pursuant to an option agreement between EPC, G&B and the shareholders of G&B, EPC has the right to acquire 100% of G&B subject to the fulfillment of certain conditions as set forth therein.
FED is now down by 10% to a new year low of $0.045. Over 348,000 FED shares have changed hands.
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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.
