Pacific Potash Acquired Western Potash Corp’s Assets

Recently, Canadian Pacific Potash Corporation issued a letter to the Western Potash Corp intends to acquire the assets of the Western Potash Corp of Amazon basin in Brazil.

It is reported that Moonraker which is the Western Potash Corp shareholder had decided to sell the 497.5 million shares that he hold to the Pacific Potash Corp. As the equity transaction is completed, the Pacific Potash Company will get the 80% assets of Western Potassium Corp in Brazil, and the Moonraker also will become a wholly owned subsidiary of Pacific Corporation.

The Pacific Company said, to achieve this acquisition, their company has invested a total amount of $ two million these three years, and invested at least $ 300,000 per year.