Replies to post #10675 on Allana Potash fka AAA

[ragi]

This strategic allegiance establishes the full success and realization of Allana's business plan. More than like will take pressure off having to raise funds and can now proceed with mining and transportation, right On !!!

[rocketeer357]

Bingo! Very strategic to do a deal with a partner like ICL who has a lot of skin in the game

Each Unit issued pursuant to the Offering consists of a common share of the Company (a "Common Share"), one and one half Series A Common Share purchase warrants (the "Series A Warrants") and one half of one Series B Common Share purchase warrant (the "Series B Warrants", and collectively with the Series A Warrants, the "Warrants"). Each whole Warrant will be exercisable for one Common Share for a period of 36 months from issuance of the Warrant. Each whole Series A Warrant will be exercisable for a price of $0.54 per Common Share, and each whole Series B Warrant will be exercisable for a price of $0.60 per Common Share.


ICL has agreed to purchase the entire production of the Project up to 1Mtpa with a take-or-pay commitment of ICL on a minimum of 80% of output from the Project.

And I don't think Liberty is going to sit on their thumbs after paying .80 per share in the past:

In addition, the Company may issue Units to Liberty Metals and Mining Holdings, LLC and/or IFC, in such amount as is required to be issued upon due exercise of their respective pre-emptive rights with respect to the Second Tranche.

[Max Power]

fantastic news... now the ball can really get rolling