| From Resourceinvestor.com: Potash One Inc and Potash North Resource Corporation have entered into a binding letter of intent containing the principal terms by which, subject to satisfaction of certain conditions, Potash One will acquire all of the issued and outstanding common shares of Potash North through a Plan of Arrangement or other form of business combination.
The LOI contemplates that each Potash North shareholder will receive 0.3125 common shares of Potash One for each common share of Potash North..... Full Article: Source
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