Junior sulfate of potash developer Crystal Peak Minerals Inc., Toronto, said Aug. 21 that its cash balance could drop below the $500,000 minimum cash balance covenant. It said it is working with a financial advisor to pursue any and all financing alternatives, up to and including the sale of the company or its assets. It said a breach of the covenant could result in EMR Capital foreclosing on its security. Crystal Peak has been developing the Sevier Playa project in Utah.
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