London-Sirius Minerals Plc has acquired private UK-based York Potash Ltd. for £25.1 million. In addition, York’s founder, Chris Fraser, has been named the managing director and CEO of Sirius. Both York and Sirius are start-up junior potash exploration companies. York has signed various agreements with major landowners in relation to mineral rights covering more than 600km2 onshore and offshore between the towns of Whitby and Scarborough in North Yorkshire, England, where it has been analyzing the potential to develop a new world-class potash project. As a result of the York deal, Sirius now says it holds properties in the UK, North America (North Dakota), and Australia (Queensland and Western Australia). Incorporated in 2003, Sirius Minerals’ shares are traded on the London Stock Exchange’s AIM market. Its shares are also traded in North America on the OTCQX through the use of a sponsored ADR facility.
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