11th Apr 2014 09:17
LONDON (Alliance News) - Premier African Minerals said Friday that it had agreed to extend the exercise date of its option agreement to buy AgriMinco Corp's 30% interest in the Danakil Potash Project in Ethiopia.
The company said that the TSX Venture Exchange, where AgriMinco is listed, had agreed to conditionally accept the acquisition subject to shareholder approval.
AgriMinco is holding a special shareholder meeting May 8, and the exercise date has been extended to five days following the meeting.
Shares in Premier were trading down 12% at 0.550 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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