Agriminco Corp. (ETPHF)

[eom7]

Not much to see from what I can tell. Thanks for the reply.

[wshaw14]

No, I have not looked at this one for a long time.

[eom7]

You still following this one?

[Lone Clone]

AgriMinco Completes Sale of Interest in Danakil Project

http://finance.yahoo.com/news/agriminco-completes-sale-interest-danakil-182223355.html

AgriMinco Corp. 7 hours ago

TORONTO, ONTARIO--(Marketwired - May 13, 2014) - Further to press releases of March 19 and May 8 of 2014, AgriMinco Corp. (TSX VENTURE:ANO) ("AgriMinco" or "Company") is pleased to announce that Premier African Minerals Limited ("Premier") has today exercised the option to acquire AgriMinco's entire 30% interest in the Danakil Potash project, Ethiopia (the "Project").

The consideration payable by Premier to the Company on completion of the acquisition of the Project comprises:

(i) The cancellation of all the common shares of AgriMinco owned by Premier for no consideration. As at the date of this announcement, Premier is interested in 120,821,176 AgriMinco shares representing approximately 42% of AgriMinco's issued share capital with a value of C$1,812,317.64 based on the last closing price of AgriMinco shares of C0.015 per share on May 12, 2014, the last practicable date prior to the publication of this announcement.

(ii) Deliver and effect payment of debt settlement agreements in favour of the Company releasing the Company from an aggregate of C$2,265,819.50 in liabilities.

(iii) The issue to AgriMinco of new Premier ordinary shares with a value equal to C$1,000,000 based on the volume weighted average price per Premier ordinary share for the five trading days immediately prior to and following the option exercise. Based on the closing mid-market price of a Premier ordinary share of 0.975p on May 12, 2014, the last practicable date prior to the publication of this announcement, this would result in the issue of 55,847,589 new Premier ordinary shares.

In aggregate, the consideration on completion is estimated on present pricing at C$5,078,137.10.

Commenting on the transaction, Bruce Cumming, CEO, said: "Completion of this transaction has placed our company in a position of being free of all secured debt, significantly reduced our shares in issue and provides a source of funds into the immediate future whilst still retaining a small interest in the Danakil Project and allowing us to re-evaluate our remaining West African interests either with a view to further monetizing or developing those or any other opportunity."

About AgriMinco

AgriMinco Corp. is a Canadian company based in Toronto, Ontario Canada. For more information regarding AgriMinco visit our website at www.agriminco.com.

This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to changes in general economic conditions or conditions in the financial markets. Such forward-looking information is based on a number of assumptions, including but not limited to, there being no significant decline in existing general business and economic conditions. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact: AgriMinco Corp.
Bruce Cumming
Chief Executive Officer and Director
[phone]
[e-mail]
AgriMinco Corp.
Michael Galloro
Director
[phone]
www.agriminco.com

[wshaw14]

From my calculations, ETPHF only owns about 17% of the project now. IMHO these folks are a joke. I sold this one long ago.

[Renee]

Ethiopian Potash Corp. changed to Agriminco Corp.:

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/12/2013&mkt_ctg=NON-OTCBB

[wshaw14]

LOL, it appears to me that FED has formed a JV with another broke company, gave up 70% of the project and then gave away 43% of the remaining 30% for some more UN-developed property that they don't have the $ to develop. They just seem to be digging a deeper hole.
FED PR
http://ih.advfn.com/p.php?pid=nmona&article=58297235
Web site
http://www.premierafricanminerals.com/
Reports
http://www.premierafricanminerals.com/page.php?pID=41&ppID=5

[wshaw14]

Ethiopian Potash Announces Results of Shareholder Meeting and Closing in Escrow of All Transactions Including the Danakil JV and Acquisition of Togo and Mali Propertieshttp://

www.marketwire.com/press-release/ethiopian-potash-announces-results-shareholder-meeting-closing-escrow-all-transactions-tsx-venture-fed-1807698.htm

[wshaw14]

Interesting.Ethiopian Potash Completes Shares for Debt Transactions (@.10 per share) http://ih.advfn.com/p.php?pid=nmona&article=58218588

[wshaw14]

FED News: IIROC Trading Resumption

http://ih.advfn.com/p.php?pid=nmona&article=58198403

[wshaw14]

Ethiopian Potash Corp. Corporate Update

http://finance.yahoo.com/news/ethiopian-potash-corp-corporate-193711696.html

[wshaw14]

Fed still halted?

[wshaw14]

IIROC Trading Halt - FED Good news coming or bad news coming?

http://finance.yahoo.com/news/iiroc-trading-halt-fed-121100510.html

[wshaw14]

Ethiopian Potash Corp.: Danakil Potash Corporation Agrees to Advance US$1.5 Million Towards Exploration on Danakil Property http://finance.yahoo.com/news/ethiopian-potash-corp-danakil-potash-224607229.html

[wshaw14]

Updated Drill Results on Danakil Project, Ethiopia

http://finance.yahoo.com/news/updated-drill-results-danakil-project-143657831.html

[wshaw14]

Yes, things dont look good here. "The Board of EPC has determined that, in the event that the transactions contemplated by the MOU are not completed, it would be in the best interest of the Company to terminate its Option and delist and wind-up the Company"

[SilverKnightLV]

And boom goes the dynamite. I'm done and licking my wounds. I just don't think the re-org will give anything substantial to make up for my 95% loss.

Ethiopian Potash Corp.: Filing of 2012 Annual Financial Statements

Ethiopian Potash Enters Into Memorandum of Understanding Regarding Early Exercise of Option, A US$10 Million Investment and A Joint Venture on Danakil Property

[SilverKnightLV]

I do not know. I only have FED shares.

[Gator44]

I see FED shares trading a little today. Are ETPHF shares transferrable to FED shares since ETPHF ceased listing on otcqx

[SilverKnightLV]

For those who have privately emailed me regarding FED, I have heard nothing, but the stock still trades, so someone somewhere is buying it.

Note that I have a free membership and cannot reply to private messages.

[SilverKnightLV]

From Adam Chambers who handles Investor Relations:

"I'm told the license will be renewed this week, the company is still reviewing options in regards to a partner."

[wshaw14]

The problem with the folks that have the "large interest" is they are not privy to the information acquired,(or at least the documentation) thus they not inclined to try and screw their way in to cut others out.

[wshaw14]

They have an agreement with folks that have a large interest in the company.

[SilverKnightLV]

I've emailed IR with no reply. There's no updates on their website except for auto-feeds. What I can't remember is if they own the land or have a long term lease or what. Anyone remember?

[wshaw14]

I am guessing 5 cents or less. It is kind of sad. They had the goods.

[Lone Clone]

The problem is that due to management wasting endless time and our money fighting among themselves, the takeout is likely to be at 10 cents or less.

LC

[wshaw14]

I believe that may be the case. I am truly disappointed in ETPHF managment and expected much more. I am however invested in the one I THINK WILL take it out. Amazing that FED could not get it to gather. No problem though. I believe it will be taken out at much less than .075. The take out agent is good for many many years. I would not at this point be looking for a profit but an escape. I am thinking the bid may approach 50% of the .075. Again, JMHO. We shall see.

[SilverKnightLV]

With the amount of land available, I think we might be taken out.

[wshaw14]

Looks like shareholders here are in a quandary. What to do? I at this point have no advice. I have a few shares just for grins at this point.

[wshaw14]

Not looking real good here. Consolidation may happen? That would be OK with me.

[SPARK]

"announces that the amending agreement dated July 10, 2012 to the option agreement to acquire G&B Central African Resources Ltd., the owner of the property in the Danakil Basin, Ethiopia, has expired as a result of conditions precedent
to the amendments contemplated in the Amending Agreement not having been satisfied or waived on or before September 30, 2012.

[wshaw14]

OUCH!!!! http://ih.advfn.com/p.php?pid=nmona&article=54367893

[wshaw14]

Really? No money available for potash? If that is the case, that would be very short term. I think they have that already figured out.

[SilverKnightLV]

Then they should have filed suit as there are assets.

[Lone Clone]

Either that or they know there wasn't going to be any money available and this was the best deal they could get.

LC

[wshaw14]

That is why I wanted you to see it. I am sure they are privy to information that we are not. I am going to start adding a few as I am able.

[SilverKnightLV]

If they take stock instead of cash, that means that there's value, and I'm OK with that.

[wshaw14]

I find this interesting. http://ih.advfn.com/p.php?pid=nmona&article=54178831 They must have convinced this entity that .15 was a good deal?

[wshaw14]

I did touch it lightly now.

Ethiopian Potash Corp. Announces Agreement to Exercise G & B Option Early and Appoints Financial Advisor

http://finance.yahoo.com/news/ethiopian-potash-corp-announces-agreement-171311317.html

[wshaw14]

Sorry I wont touch it at any price without some kind of news. Looks like the dropped of the face of the earth. The value is there, but when it all shakes our who will own the value?

[Gator44]

ETPHF worth .15
Slap the ask @ .148

[wshaw14]

I believe so also. Just a little hard to calculate at the moment.

[SilverKnightLV]

At least there's still value and a future.

[wshaw14]

Ethiopian Potash Corp. Arranges Shares for Debt http://ih.advfn.com/p.php?pid=nmona&article=53000634

[SilverKnightLV]

No news since the April 12 Board Member announcement.

For those sending me private messages, please note that I am not able to reply as I have the basic free InvestorsHub account.

[wshaw14]

Well, early may has passed and it is now early June. Just wondering what is going on. I am still watching and will buy on verifyable news.

[SilverKnightLV]

Email from EPC Investor Relations

I sent this yesterday evening:
I know that there's rumors regarding EPC's GB options and financial
health. Is the company going to issue any sort of clarifying statement with regard to either or both? Is the company pitching the Canadian business TV network to go on and clarify?
I'm sure you have skin in this game based on your deals with other clients, and while volume is above average and that there's a buyer for every seller, this is really starting to smell bad.
There's a lot of negative speculation that needs to be cleared up.

This from Adam Chambers this morning:
The last press release pretty much sums up what's going on, we are deep in negotiations with our strategic investor and I expect we'll have a press release with details soon.
We have a number of head hunting firms looking for a new CEO, and we seem to have narrowed the candidates significantly in the last week.
There is no issue with the option at all, the founders of EPC and G&B are getting along well and they've actually agreed to exercise the option early.
There is currently around $500,000 [I assume Canadian] in the bank and the strategic is going to cover us going forward.
The company is going to be in great shape once the above is taken care of, we just need the market to come around.
Let me know if you have any other questions.

[SilverKnightLV]

No. That's just an assumption. Analysts are allowed to have their opinion, even if wrong. If that opinion is biased, then there has to be a gain by them in order to prove the fact.

[wshaw14]

I am wondering if Fed will be selling out to a more well funded entity? Just a thought? Whom ever is trying to prop up the SP is definitely going to tire very soon IMHO. Huge potential on the property IMHO, but it is going to take big $ to ever bring it to fruition.

[wshaw14]

If the following were true, there would be I believe a lawsuit in the works. IMHO "We believe that Ethiopian Potash has been under pressure based on

misunderstandings most recently aroused by poor research coverage

from a group that had hoped to lead the next financing effort, but

no doubt is nonplussed now by the fact that fees (the main driver of

the investment banking business model) will not be forthcoming". We shall see.