Parkway Minerals NL announced the strategic acquisition of Consolidated Potash Corporation Ltd. The acquisition of CPC by Parkway is subject to customary regulatory and shareholder approvals (under Listing Rule 7.1 for the various securities issues noted above and for the election of incoming directors) as well as Parkway raising $450,000 at $0.005 concurrently with the acquisition of CPC. At completion, CPC shareholders will have the right to nominate 2 directors to the board and on completion, Dr. Natalia Streltslova will retire from the Parkway board. Mr. Bahay Ozcakmak, the current managing director of CPC will join Parkway as executive director, with Lions Bay Capital, the large shareholder of CPC nominating Mr. Patrick Power as non-executive director.