Saccharum Energy Corp. Announces Signing of Letter of Intent for Argentinean Potash Exploration Assets

Saccharum Energy Corp. (TSXV:SHM) announced it will purchase the outstanding shares of Oxbow and enter a joint venture with Marifil (TSXV:MFM).

The press release is quoted as saying:

Provided that all of the other obligations under the Agreement are in good standing at the relevant time, Saccharum will be deemed to have earned a 70% interest in any one of the Marifil Properties when it has completed the minimum US$4,000,000 in exploration expenditures.

To read the full press release, click here.