Itafos and Stonegate Agricom are pleased to announce that they have entered into an arrangement agreement dated May 18, 2017 (the "Arrangement Agreement") pursuant to which Itafos would 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"). Under the [...]
TORONTO, ONTARIO--(Marketwired - Apr 26, 2017) - Itafos (TSX VENTURE:IFOS) ("Itafos" or the "Company") announced today its results for the financial year ended December 31, 2016. The Financial Statements and Management Discussion and Analysis ("MD&A") for the year ended December 31, 2016 are available under the Company's profile at www.sedar.com and at the Company's website, www.Itafos.com. Itafos also announced that its [...]
TORONTO, ONTARIO--(Marketwired - Apr 17, 2017) - Itafos (TSX VENTURE:IFOS) is pleased to announce that it has closed the previously announced non-brokered private placement with Stonegate Agricom Ltd. ("Stonegate") pursuant to which Itafos subscribed for an aggregate of 47,500,000 common shares of Stonegate (the "Stonegate PP Shares") at a price of C$0.02 per Stonegate PP Share for an aggregate subscription amount of [...]
TORONTO, ONTARIO--(Marketwired - Apr 17, 2017) - Itafos (Itafos) (TSX VENTURE:IFOS) announces that it has entered into a subscription agreement (the Subscription Agreement) with Stonegate Agricom Ltd. (Stonegate), pursuant to which Itafos will indirectly acquire, by way of private placement (the Private Placement), ownership of and control over 47,500,000 common shares (the Acquired Shares) of Stonegate upon closing of [...]
TORONTO, ONTARIO--(Marketwired - Apr 17, 2017) - Itafos (TSX VENTURE:IFOS) ("Itafos") is pleased to announce that it has entered into a subscription agreement (the "Subscription Agreement") with Stonegate Agricom Ltd. ("Stonegate") pursuant to which Itafos, or a wholly owned subsidiary of Itafos, will subscribe for 47,500,000 common shares of Stonegate (the "Stonegate PP Shares") at a price of C$0.02 per Stonegate PP [...]
TORONTO, ONTARIO--(Marketwired - March 23, 2017) - Itafos (TSX VENTURE:IFOS) ("Itafos" or the "Company") is pleased to announce that it has entered into an agreement with Blueshirt Group, LLC ("Blueshirt"), an investor relations firm. Blueshirt has been appointed as an investor relations consultant to Itafos for an initial two year term and will provide investor relations, marketing and communications services for, and on [...]
TORONTO, ONTARIO--(Marketwired - Mar 9, 2017) - Itafos (TSX VENTURE:IFOS) ("Itafos" or the "Company") is pleased to announce that it has closed its previously announced private placement of shares of the Company for gross proceeds of US$34,054,074 (which includes the shares for debt transaction described below) at CAD$2.10 per share (the "Offering"). The net proceeds of the Offering are being used to fund the [...]
TORONTO, ONTARIO--(Marketwired - Mar 2, 2017) - Itafos (TSX VENTURE:IFOS) ("Itafos" or the "Company") is pleased to provide, further to the Company's news release dated January 11, 2017, an update on the previously announced private placement (the "Offering"). The Company has agreed with Raymond James Ltd. (the "Lead Agent") and GMP Securities L.P. (together with the Lead Agent, the "Agents") that the Offering will [...]
TORONTO, ONTARIO--(Marketwired - Feb. 20, 2017) - Itafos (TSX VENTURE:IFOS) ("Itafos" or the "Company") is pleased to announce the appointment of Mr. Brian Zatarain as Chief Executive Officer, effective February 17, 2017, replacing Mr. Cristiano Melcher who has resigned to pursue other opportunities. Mr. Zatarain was most recently selected by the Board in October 2016 to lead the successful restructuring and [...]
Itafos an integrated producer of phosphate based fertilizers and related products, announced the appointments of Mhamed Ibnabdeljalil and G. David Delaney to the board of the company effective on December 31, 2016 and February 6, 2017, respectively. In addition, Itafos announced the appointment of Marten Walters as Vice President of Operations, effective on January 16, 2017. The appointment of seasoned industry leaders to [...]
TORONTO, ONTARIO--(Marketwired - Jan 11, 2017) - Itafos (TSX VENTURE:IFOS) ("Itafos" or the "Company") is pleased to announce that it has appointed Raymond James Ltd. (the "Lead Agent") to lead a syndicate of agents (the "Agents") to sell, by way of a marketed private placement on a best efforts basis, shares of the Company (the "Shares") at a price to be determined in the context of the market for gross proceeds of up to [...]
Itafos is pleased to announce that it has filed all necessary material with the TSX Venture Exchange in connection with the change in the Company's name to "Itafos". The shareholder approval required to authorize the change in the Company's name from "MBAC Fertilizer Corp." to "Itafos" was obtained at the Company's annual general meeting held on December 16, 2016. It is expected that the Company's shares will commence [...]
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