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Fortis Mining Positioned as Next Global Potash Force
May. 19, 2011 08:55PM PST
Potash InvestingThe Australian reported that Fortis Mining (ASX:FMJ) intends to raise funds to develop potash mines in Kazakhstan.
The Australian reported that Fortis Mining (ASX:FMJ) intends to raise funds to develop potash mines in Kazakhstan.
The market news is quoted as saying:
If approved at a shareholder meeting in late June, Fortis would separately issue 40 million shares and 160 million convertible notes to Hong Kong-based institution Topsun Holdings and Chinese institution Yubang Industry Development.