Toronto-MagIndustries Inc. has granted an extension of the exclusivity period under its memorandum of understanding to Sept. 25, 2009, to give a potential Chinese investor time to decide. The MOU provides for a proposed purchase of 400 million common shares of MagIndustries by a large Chinese-based multi-national company. Mag is involved in developing a major potash deposit in the Congo.
Transparency Across the Fertilizer Value-Chain