Western Potash threatened with legal action

Two investment banks are threatening legal action against junior miner Western Potash (WPSHF) for allegedly not paying advisory fees, WSJ reports, in an unusual move sparked by a deal that was once hailed as a potential harbinger of Chinese investment into the potash industry.

Lawyers for UBS and Lockwood Financial separately sent letters to Western Potash alleging nonpayment of fees for an introduction to Cnooc (CEO) subsidiary China BlueChemical or for general advice on raising funds.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs