Potash West Enters Binding Agreement For the South Harz Potash Project in Germany

Potash West NL (OTC:PWNNY,ASX:PWN) has entered a binding agreement with Davenport Pty Ltd, a wholly owned subsidiary of Arunta Resources (ASX:AJR), to acquire the South Harz potash project in Germany through the East Exploration Pty Ltd, which is 55% owned by Potash West.
Under the Agreement, South Harz will be sold in return for Davenport shares. Potash West is expected to own 28% of Davenport after financing.
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