Plymouth Minerals Limited
(ASX:PLH) has announced the company has elected to exercise the option to purchase 100 per cent of two high quality potash projects in Gabon.
Under the agreement, Plymouth could purchase the potentially world-class and company making potash projects in a scrip-only transaction.
The company says conditions precedent, which include the granting of exploration liscences have been met.
Plymouth intends to call an EGM of shareholders to consider the acquisition.
Plymouth Minerals reported a net loss of $446,000 at 31 December 2015.
