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Fortis Mining’s Potash Investment at Risk

Investing News Network
Jan. 10, 2012 04:47PM PST
Potash Investing

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

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.

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