African Potash Ltd is no longer buying an indirect interest of 70% in La Societe des Potasses et des Mines SA (SPM), which owns a potash asset in the Republic of Congo.
The deal could not be completed in the required timeframe because the target had not been granted a permit to prospect for potash. The company continues to seek opportunities in the Republic of Congo.
The shares returned from suspension and fell 3p to 4.62p a share, valuing African Potash at £9.16m.
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