Western Potash’s $32 Million Deal with Chinese JV Company to Close this Week

The Leader-Post reported that Western Potash expects that their deal with a Chinese JV company that will see them purchase a 20 percent stake in the company for $32 million will close later this week.

As quoted in the Leader-Post report:

Earlier this month, Vancouver-based Western announced that China BlueChemical Ltd. and Benewood Holdings Corp. Ltd., through a joint venture company, CBC (Canada) Holding Corp., have agreed to acquire 45 million Western shares for 71 cents per common share. The issue price represents a 15-per-cent premium over the 20-day volume-weighted moving average of Western shares, which are traded on TSX under the symbol WPX.

To view the whole Leader-Post report, click here.