Fortis Renegotiates Potash Project

Stock & Land reported that Fortis Mining (ASX:FMJ) negotiated new terms for the purchase of potash projects in Kazakhstan.

The market news is quoted as saying:

Fortis will fund the $US260 million purchase using cash and convertible notes and its stake in Jian Resources will rise from an initially planned 75 per cent to 100 per cent.

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