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Slide #80. Allana Potash Corp. — Nova-Ethio Potash Corporation
Allana Potash Corp. (AAA.CA)
Nova-Ethio Potash Corporation
Allana Potash Corp. announced that the Company has entered into a definitive agreement to acquire all of the issued and outstanding common shares of Nova-Ethio Potash Corporation, a private company, which indirectly holds a 100% interest in a strategically located potash license adjacent to the Company's potash project in the Danakhil Depression in Ethiopia. It is proposed that acquisition will be effected through the merger of a wholly-owned subsidiary of Allana and Nova, in accordance with the laws of the British Virgin Islands
Allana Potash is a potash exploration and development stage company. Co. is focusing on the exploration and development of its Dallol Potash Project in Danakil Depression, Ethiopia. Co. also has a grass roots property in Argentina which is located near Vale's Rio Colorado potash solution mining project.
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