Migao Rises on Supply Prepayment Refund

Reuters reported that Migao’s (TSX:MGO) announcement of a potash payment refund boosted share prices by 10%.

The market news is quoted as saying:

The supply agreement will go ahead without a prepayment, Migao said in a release after market close on Thursday. The first $30 million has already been refunded, and further payments are scheduled for October and December.

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