Argus reports on the agreement between Highfield Resources and Yankuang

The two firms along with a number of investors signed a non-binding initial agreement on 19 July, under which Highfield would acquire Yankuang’s wholly owned subsidiary Yancoal Canada, which includes its Southey potash project in Saskatchewan, Canada, and the rights to four other potash mining projects.

In return, Highfield would issue new ordinary shares to Yankuang, making Yankuang the firm’s largest shareholder.

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