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Inspiration Mining Corporation (TSX:ISM) announced that they have increased their interest in Potash Dragon.
Inspiration Mining Corporation (TSX:ISM) announced that they have increased their interest in Potash Dragon.
As quoted in the press release:
Further to its press release of June 25, 2012, Inspiration Mining Corporation is pleased to announce that it exercised an aggregate of 2,187,500 warrants at an exercise price of $0.80 per share, increasing its interest in Potash Dragon Inc. from 1,250,000 common shares to 3,437,500 common shares. An aggregate of 1,562,500 warrants remain outstanding and the Corporation intends to exercise such warrants prior to their expiry date of May 15, 2013. Upon the exercise of the remaining warrants, the Corporation will own 50% of the issued and outstanding securities in the capital of Potash Dragon.