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Marafil Makes Potash Acquisition
Jan. 23, 2012 04:58PM PST
Potash InvestingMarifil Mines Ltd. (TSXV:MFM) announced the company’s intent to buy the Argentina-based Filo Morado potash deposit.
Marifil Mines Ltd. (TSXV:MFM) announced the company’s intent to buy the Argentina-based Filo Morado potash deposit.
As quoted in the press release:
The terms of the LOI call for a $25,000 payment on signing (which has been paid); a $125,000 payment at the end of the due diligence period; a $150,000 payment in six months; $175,000 in 24 months; $200,000 in 30 months; and $2,400,000 in 48 months.
Click here for the Marifil Mines Ltd. (TSXV:MFM) press release.
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