TSXV:AAA.P - Post by User
Post by
oceanelevenon Nov 20, 2013 12:25pm
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Post# 21923298
Okay jubatus............I give.........
Okay jubatus............I give.........It's an oldie but a goldie.............this was one of the biggest pumps and made the sp rock & roll........3 years ago :0)
Allana has entered into a joint venture memorandum of understanding with ChinaCo, a large government-owned exploration and development company in China, to develop its Ethiopian potash project. ChinaCo will have to spend 70% of all the costs including solution mine and processing plant construction costs to earn 70% in the project. ChinaCo has successfully completed its due diligence on the Ethiopian potash project, and has also confirmed Allana's management that it has received approval from the Chinese government to execute a definitive agreement which will outline the final terms of the partnership.
Allana has entered into a strategic off-take/financing agreement with China Mineral United Management Ltd., a Chinese mining investment group closely associated with one of the largest fertilizer companies in China. China Mineral would acquire 20% of the project's total potash production.
https://www.nafinance.com/Listed_Co/english/allana_e.htm