Moscow-Russian fertilizer company JSC Acron reports that it has obtained a controlling stake – 98 percent – in the Canadian company 101109718 Saskatchewan Ltd. The company, which has applied for exploration licenses for 36 areas of the Prairie Evaporite potassium salt deposit, with a total area of 2,537,913 acres, located in Saskatchewan, says it has to date received exploration licenses for 26 of the areas. The total value of the transaction is C$61 million, of which $31 million has already been paid in consideration for newly-issued share capital in the Canadian company. Acron has ordered a deposit development feasibility study from the Central Research Institute of Non-Ore Mineral Geology to determine the nine most promising areas for priority development.
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