TORONTO, ON--(Marketwired - April 23, 2015) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) (OTCQX: MBCFF) is pleased to announce the appointment of Anthony Cina, CPA, CA, ICD.D to its Board of Directors as well as its Audit Committee, effective immediately. Mr. Cina previously acted as the Company's Chief Financial Officer from July 2009 to June 2012. Mr. Cina has over 25 years' experience in accounting [...]
TORONTO, ON--(Marketwired - April 13, 2015) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) is providing this bi-weekly default status report in accordance with National Policy 12-203 respecting Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On March 30, 2015, the Company announced (the "Default Announcement") that, for the reasons set out in the Default Announcement, the filing of the [...]
TORONTO, ON--(Marketwired - April 08, 2015) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) announced today that it has received non-binding indicative offers and expressions of interest from a number of third-parties, most of which are active in the fertilizer and agriculture sectors, in response to MBAC's previously announced strategic review process. These third-parties are currently completing their due [...]
TORONTO, ON--(Marketwired - March 30, 2015) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) announced today that it expects that the Ontario Securities Commission (the "OSC") will note the Company in default of its continuous disclosure obligations under Ontario securities laws due to the Company not being in a position to file its annual audited financial statements, related management discussion and [...]
TORONTO, ON--(Marketwired - January 21, 2015) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) today provided an update on its ongoing strategic review process aimed at improving the Company's liquidity and working capital position.In consultation with its senior lenders, MBAC has engaged Deutsche Bank AG to act as its financial advisor in connection with the Company's strategic review process. As MBAC's [...]
TORONTO, ON--(Marketwired - November 12, 2014) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) and (OTCQX: MBCFF) announced today its financial results for the three- and nine-month periods ended September 30, 2014, and provided a general corporate and operational update on its Itafós Arraias Single Super Phosphate ("SSP") Operations ("Itafós" or the "Itafós Operations"). All amounts, unless noted, are in [...]
TORONTO, ON--(Marketwired - November 07, 2014) - MBAC Fertilizer Corp.("MBAC" or the "Company") (TSX: MBC) (OTCQX: MBCFF) today announced that it will hold a conference call to present its third quarter 2014 financial results on Thursday, November 13, 2014 at 9:00 am ET. The Company expects to release Q3 financial results after market close on November 12, 2014.All interested parties can join the conference call by [...]
TORONTO, ON--(Marketwired - October 22, 2014) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) (OTCQX: MBCFF) today announced that it has signed final agreements with its senior lenders to extend the maturity of its loans and defer related interest and principal repayments for a period of up to two years. The loans were originally incurred to build the Company's Itafós operations in Brazil and begin production [...]
TORONTO, ON--(Marketwired - October 08, 2014) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC)(OTCQX: MBCFF)today provided an update on the production and operational activities completed in September (through September 30) at its Itafós operations in Brazil. Produced approximately 22,000 tonnes of Single Super Phosphate ("SSP"). Produced approximately 10,500 tonnes of sulphuric acid.Established a daily [...]
TORONTO, ONTARIO--(Marketwired - Sep 24, 2014) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC)(OTCQX:MBCFF) today provided an update on the production ramp up at its Itafós operations in Brazil. Since resuming continuous production following the ease of working capital constraints, MBAC has produced 16,032 tonnes of Single Super Phosphate ("SSP") and 9,478 tonnes of sulphuric acid for the month of September. The production totals are through September 23rd. Production in the past week amounted to 6,312 tonnes of SSP. "We are encouraged by the progress being made at Itafós," said Cristiano Melcher, President and CEO of MBAC Fertilizer. "In a period of accelerated ramp up, we continue to produce high qua... [...]
Commercial Production Rate Expected in Coming Weeks TORONTO, ON--(Marketwired - September 17, 2014) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) (OTCQX: MBCFF)today announced that it reached a new daily record production total of 1,700 tonnes of single super phosphate fertilizer at its Itafós operations in Brazil. In addition to establishing a new daily record, the 1,700 tonne total exceeds the daily [...]
Resumes Continuous Production; Implements Cost-Containment Initiatives TORONTO, ON--(Marketwired - September 09, 2014) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) (OTCQX: MBCFF) today announced that it has resumed continuous production of single super phosphate (SSP) at its Itafós operations following the receipt of funds from the recently obtained Santander Working Capital Facility at the end of August [...]
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