Lara to get stake in Aguila Resources in return for Brazilian potash project | iNFOnews | Thompson-Okanagan's News Source

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Lara to get stake in Aguila Resources in return for Brazilian potash project

June 11, 2012 - 7:25 AM

VANCOUVER - Lara Exploration Ltd. of Vancouver (TSXV:LRA) has agreed to sell its Sergipe potash project in Brazil to Aguia Resources Ltd. (ASX:AGR). Under the option agreement, Lara will receive up to 15 million shares of Aguia and US$100,000 cash and Aguia will perform US$1.5-million worth of exploration within two years.

News from © The Canadian Press, 2012
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