Agrium to spend more investigating new potash mine

CALGARY, Alberta, May 7 (Reuters) - Fertilizer producer and retailer Agrium Inc (AGU.TO: Quote, Profile, Research) will spend more to speed up its investigation into a greenfield potash mine, its chief executive said on Wednesday.

"Our board just today approved additional capital to accelerate our look-forward on greenfield facilities," Mike Wilson told shareholders at the company's annual meeting. (Reporting by Jeffrey Jones; writing by Roberta Rampton; Editing by Peter Galloway)