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BHP completes potash acquisition

BHP completes potash acquisition
Publishing Date
29 Mar 2010 12:22pm GMT
Author
Mining Magazine

Exploration  Processing  Loading & Hauling  Crushing & Conveying  Drilling & Blasting  


BHP Billiton Canada has announced that it has completed the acquisition of all the issued and outstanding common shares of Athabasca Potash Inc (API) for C$8.35 cash per common share.

This acquisition provides BHP with 100% control of the Burr potash project and various additional exploration properties in Saskatchewan, Canada. BHP now has access to a total of more than 14,000km² of prospective exploration ground in the world-class Saskatchewan potash basin.

BHP also announced that an application to delist API's common shares has been filed with the Toronto Stock Exchange and the delisting is expected to be effective within three trading days of filing. 


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