Marifil Signs Definitive Letter of Intent for the K-2, K-3, and K-4 Potash Properties

Marifil Mines Ltd. (TSXV:MFM) announced the signing of an agreement to acquire an interest in Saccharum Energy Corp.`s (TSXV:SHM) Argentinian potash properties.

The press release is quoted as saying:

In summary Saccharum agrees to pay Marifil US$1,500,000 in cash; pay Marifil up to 9,000,000 shares of Saccharum common stock, and perform a minimum of US$12,000,000 in work to earn a 70% interest in all three properties.

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