Mantis to acquire Saskatchewan potash permits

Toronto-Mantis Mineral Corp. reports that it has entered into an agreement with an arms length third party to acquire potash exploration permits that have been applied for in highly prospective potash areas of Saskatchewan. The permits are approximately 60 kilometers to the north to the existing PotashCorp Lanigan Mine. Mantis’ properties cover an area of 3,957 hectares. Mantis will pay the vendor $50,000 immediately and issue them 500,000 common shares in the capital of the company upon the issuance by the Saskatchewan government of the potash permits. Mantis says it is a Canadian resource company with a diverse portfolio of mineral properties across Canada, with direct participation in three major areas ?Çô Tamarack, Orphan, and Grass River. The company says it holds substantial land positions hosting gold, nickel, copper, and platinum group metals.