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Marifil Signs Option Agreement on Argentina Potash Assets
May. 08, 2012 03:38PM PST
Potash InvestingMarifil Mines Ltd. (TSXV:MFM) announced the signing of an agreement to option the Argentina-based K-5 and K-6 potash claims.
Marifil Mines Ltd. (TSXV:MFM) announced the signing of an agreement to option the Argentina-based K-5 and K-6 potash claims.
As quoted in the press release:
The seller retains a 2% Net Smelter Royalty but the Company can purchase 1.5% of this royalty for $1,500,000 with a second option to purchase the remaining 0.5% royalty for $1,500,000.
Click here for the Marifil Mines Ltd. (TSXV:MFM) press release.
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