JBZ Capital Inc. Enters into Letter of Intent to Acquire Interest in Potash Exploration Project in the Northern Territory, Australia

JBZ Capital Inc. (TSXV:JBZ) announced its subsidiary will purchase a stake in an Australian potash project.

The press release is quoted as saying:

Under the proposed terms of the JV, Strata can earn a 90% interest in the Project in exchange for spending AUD$250,000 on exploration and, subject to approval of the TSX Venture Exchange, issuing USI one million common shares of JBZ at a deemed price to be determined by the market price of JBZ’s common shares at the time of issuance.

To read the full press release, click here.