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| Home : Great Quest Announces 33% Financing and Operating Partner |
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Oct 17
2014 |
Great Quest Announces 33% Financing and Operating Partner |
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VANCOUVER, BC--(Marketwired - October 17, 2014) - Great Quest Fertilizer Ltd (TSX VENTURE: GQ)(FRANKFURT: GQM) ("Great Quest fertilizer ") is pleased to announce that it has entered into a memorandum of understanding ("MOU") with the Mali-based Société Africaine de Développement Agricole S.A ("SADA Group") for the establishment of a partnership to construct and operate its initial Malian production facility. Under the terms of the MOU, the Company and SADA will incorporate a new Malian corporation ("Great Quest NPK") contributing 67% and 33% of the capital respectively. This partnership strengthens the relationship between Great Quest and SADA, as under the agreement SADA is the guaranteed purchaser of 95% of the production from the joint Malian facility (See press release dated September 19, 2014). |
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| Source:http://www.marketwired.com/mw/release.do?id=1958705&sourceType=3 |
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