TSXV:AAA.P - Post by User
Comment by
oceanelevenon Feb 12, 2014 6:18pm
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Post# 22202269
RE:RE:RE:ICL - Now our expertise partner
RE:RE:RE:ICL - Now our expertise partnerSo say 25 million ICL bucks(the extra 15 mil maybe) so maybe 40 mil and wow, what a nice off-take agreement
The Offtake
The parties have also entered into the Offtake Agreement pursuant to which ICL has agreed to purchase the entire production of the Project up to 1Mtpa with a take-or-pay commitment of ICL on a minimum of 80% of output from the Project. The Offtake Agreement include typical terms and conditions for product supply agreements for global sales and shipments and also provides allowances in time for production ramp-up while maintaining the minimum 80% take-or-pay commitment.
Read more at https://www.stockhouse.com/news/press-releases/2014/02/12/allana-potash-announces-strategic-alliance-with-icl#3GpjIJ2cFZIP8Fvo.99