Potash

Ethiopian Potash Corp. (TSXV:FED) announced that they have received financing for $1.5 million from Danakil Potash Corporation for exploration and development of the Danakil property.

As quoted in the press release:

Ethiopian Potash Corp. (TSXV:FED) announced that they have received financing for $1.5 million from Danakil Potash Corporation for exploration and development of the Danakil property.

As quoted in the press release:

Danakil Corp. has agreed to advance US$1.5 million to G&B by way of a loan ,which will be guaranteed by G&B’s sole shareholder, ZRH Nominees (0105) Ltd. and secured by a pledge of all of the shares of G&B owned by ZRH. Advance of the Loan is expected to occur in tranches over a 30-day period, with the initial advance of US$200,000 to be made immediately following signing.

To view the whole press release, click here. 

MARKETS

Markets
TSX19620.13+43.09
TSXV664.17+4.09
DOW32803.47+76.65
S&P 5004145.19-6.75
NASD12657.55-63.03
ASX6974.90-1.00

COMMODITIES

Commodities
Gold1774.96-18.13
Silver19.90-0.30
Copper3.55+0.07
Palladium2124.59+60.59
Platinum936.51+5.51
Oil88.53-0.01
Heating Oil3.20-0.13
Natural Gas8.01-0.12

DOWNLOAD FREE REPORTS

×