Fortis Mining’s Potash Investment at Risk

Sydney Morning Herald reported that Fortis Mining’s (ASX:FMJ) intended purchase of Kazakh potash properties may be in doubt.

As quoted in the market news:

The projects are already under a cloud after the corporate regulator stopped Fortis going ahead with a proposal to fund the purchase by selling $35 million worth of shares. Last night, Fortis said it had lodged a fresh prospectus with the regulator.

Click here to read the full Sydney Morning Herald report.