Ethiopian Potash Corp Acquires Premier African Minerals Limited’s Togo Properties

Ethiopian Potash Corp. (TSXV:FED) announced that they have reached an agreement to acquire Premier African Minerals Limited’s  phosphate properties in Togo.

As quoted in the press release:

Subject to the completion of certain transactions pursuant to definitive agreements in respect of, among other things, the early exercise of EPC’s option to acquire G and B Central African Resources Ltd and the forming of a joint venture between EPC and Danakil Potash Corporation, as further described in EPC’s press release of April 22, 2013), EPC will acquire all of the issued and outstanding shares of G and B African Resources SARL in exchange for EPC issuing PREM 100 million EPC common shares. G&B Togo is a wholly-owned subsidiary of PREM and the holder of exploration permits located in northern and southern Togo for the exploration of phosphate, attapulgite clay and rare earth metals.

To view the whole press release, click here.