Acron’s subsidiary, 101109718 Saskatchewan Ltd., sold the right to prepare for extraction of potassium salts at the KP 385 permit area to the Canadian Sanya Resource Corporation for CAD 6 million.
Background
In 2008, Acron acquired a 98% stake in the Canadian company 101109718 Saskatchewan Ltd, which obtained exploration permits for 36 areas of the Prairie Evaporite potassium salt deposit with a total area of 10,274 km2 (2,537,913 acres) in Saskatchewan, Canada. The total value of the transaction was CAD 61 million.