Itafos Inc.

TSX: MBCOTCQX: MBCFFShares Outstanding: 110,926,614Fully Diluted: 120,044,030TORONTO, June 18, 2012 /CNW/ - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC and OTCQX:MBCFF) announces that Anthony Cina, CA, Chief Financial Officer, Vice President, Finance and Treasurer has informed the Board of Directors that he will be leaving the Company to pursue other career opportunities.  Mr. Cina has agreed to stay [...]

MBAC Fertilizer announced that it has filed a technical report prepared in accordance with National Instrument 43-101, entitled "Pre-Feasibility Study - Santana Phosphate Project - Para State with Canadian securities regulators, pursuant to the Company's news release dated April 23, 2012. The Technical Report dated effective June 7, 2012 was prepared by Beau Nicholls, BSc (Geo) MAIG and Ian Dreyer, BSc (Geo) MAusIMM (CP [...]

MBAC Fertilizer is very pleased to announce the results of the Prefeasibility Study for the Company's 100% owned Santana Phosphate Project located in the southeast of Para State, Brazil. The PFS is based on an updated mineral resource estimate that includes drilling completed up to January 2012. A technical report, prepared in accordance with National Instrument 43-101, will be posted on SEDAR by no later than June 7 [...]

MBAC Fertilizer is very pleased to announce the first results of the ongoing diamond drilling campaign at Araxá. The results of 14 holes from a total of 60 planned holes confirm the grade and spatial distribution of the REO-P(2)O(5)-Nb ore as reported in the current National Instrument 43-101 technical report filed for the Araxá project entitled 'Mineral Resource Estimate - Araxá Rare Earth Oxide-Phosphate-Niobium [...]

MBAC Fertilizer is pleased to announce the results of the National Instrument 43-101 compliant mineral resource update for its 100% owned Santana Phosphate Project located in Pará State. The updated mineral resource estimate shows the deposit containing indicated resources of 66.1Mt at 10.5% P(2)O(5 )and an inferred resource of 21.8Mt at 7.9% P(2)O(5 )(using a 3% P(2)O(5) cut-off).

MBAC Fertilizer is pleased to announce that it has completed its previously announced C$35,100,000 equity financing. A total of 13,000,000 common shares of the Company were issued and sold at a price of $2.70 per share. The Offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp. and including BMO Nesbitt Burns Inc., National Bank Financial Inc. and GMP Securities L.P. (the [...]

MBAC Fertilizer announces that it has amended the National Instrument 43-101 Technical Report filed on January 16, 2012 regarding its Araxá Phosphate/REO/Niobium project located in the southern part of the State of Minas Gerais, Brazil to reflect adjustments made to the current inferred mineral resource estimate for the project, as detailed below.

MBAC Fertilizer is pleased to report the results of an extensional and infill drilling campaign, aimed at testing the north-eastern portion of the Domingos target, located in close proximity to the beneficiation plant at the Itafós Arraias Project. The measured and indicated mineral resource estimate for the project now totals 75.8 million tonnes grading 5.0% P(2)O(5 )up from the previously reported NI 43-101 measured [...]

MBAC Fertilizer is pleased to announce that it has amended the terms of the previously announced bought deal public offering with a syndicate of underwriters led by Canaccord Genuity Corp. and including BMO Capital Markets Corp., National Bank Financial Inc., and GMP Securities L.P. to increase the size of the offering by an additional 5,550,000 Common Shares. Under the amended terms of the offering, the Underwriters [...]

MBAC Fertilizer is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters led by Canaccord Genuity Corp., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 7,450,000 common shares of the Company (the 'Common Shares') at a price of $2.70 per Common Share for gross proceeds of $20,115,000. The Corporation has [...]