Itafos Inc.

Dec. 15, 2017 -- Itafos is pleased to provide, further to the Company's news release dated November 21, 2017, an update on the previously announced private placement following the expiry time on December 12, 2017. The Company anticipates that the Offering, in combination with the shares for debt transaction described below, will consist of the issuance of an aggregate of 45,714,285 shares of the Company , at a price of [...]

Itafosis pleased to announce that it is undertaking a non‑brokered private placement to raise approximately CAD$96,000,000 through the issuance of approximately 45,714,285 shares of the Company at a price of CAD$2.10 per Offering Share . The Offering will permit participation of existing shareholders of the Company who held shares of the Company as of November 20, 2017 and who continue to hold shares of the Company as of [...]

Itafos signs a definitive agreement to acquire Agrium’s Conda Phosphate Operations Transaction marks a significant step in Itafos strategic objective to become a leading global phosphate fertilizer company Itafos expands operating presence to North America and further diversifies product and geographic mix Strategic ammonia supply agreement and MAP off-take agreement to be entered into with Agrium HOUSTON and [...]

Itafos announced today it has received advances in the aggregate amount of US$14,250,000. The Advances, together with advances previously received by Itafos in August, September and October 2017, are evidenced by unsecured promissory notes issued by Itafos in favor of Zaff LLC, in the principal amount of US$10,000,000, Pala Investments Limited, in the principal amount of US$7,368,000, and four (4) funds managed by Ice [...]

TORONTO, Sept. 09, 2017 (GLOBE NEWSWIRE) -- Itafos (TSX VENTURE:IFOS) (“Itafos”) announced today that it has received an advance (the “Advance”) in the amount of US$4,500,000 from Zaff LLC (“Zaff”). The Advance is evidenced by an unsecured promissory note that is pre-payable, in whole or in part, at any time, bears interest at a rate of 15% per year and matures on February 28, 2018. It [...]

Itafos finalized the recommissioning of the Itafos Arraias SSP Operations in Brazil at the beginning of July 2017, on schedule and on budget. Itafos is now actively working to ramp-up its production with a target to reach 80.0% of capacity by year-end. Initial results are positive with P205 concentrate grades reaching levels of over 30.0% and SSP production of over 17,000 tons on specification (01-17-00). In anticipation [...]

TORONTO, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Itafos (TSX VENTURE:IFOS) (“Itafos”) announced today that it has received advances (the “Advances”) in the amounts of US$5,000,000 from Pala Investments Limited (“Pala”) and US$5,000,000 from Zaff LLC (“Zaff”). The Advances are evidenced by unsecured promissory notes that are pre-payable, in whole or in part, at any time, bear [...]

Itafos and Stonegate Agricom are pleased to announce today the completion of the previously announced plan of arrangement under the Business Corporations Act (Ontario) pursuant to which Itafos has acquired all of the issued and outstanding common shares of Stonegate not already owned directly or indirectly by it. As a result of the Arrangement, Stonegate has become an indirect wholly owned subsidiary of Itafos. On closing [...]

Itafos and Stonegate Agricom are pleased to announce that shareholders of Stonegate have approved the previously announced transaction pursuant to which Itafos will acquire all of the issued and outstanding common shares of Stonegate, not already owned directly or indirectly by it, by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement"). Pursuant to the Arrangement [...]

TORONTO, ONTARIO--(Marketwired - Jun 21, 2017) - Itafos (TSX VENTURE:IFOS) ("Itafos") provided an update today on the company and the status of Itafos' key strategic initiatives. Itafos Arraias Single Super Phosphate ("SSP") Operations Recommissioning and Ramp-Up Itafos remains on plan to complete the recommission of the Itafos Arraias SSP Operations in Brazil by the end of the second quarter of 2017, and to ramp-up [...]