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Fortis Mining’s Potash Investment at Risk
Jan. 10, 2012 04:47PM PST
Potash InvestingSydney 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.