MBAC ANNOUNCES $37 MILLION BOUGHT DEAL

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[{"type":"text","content":"\n\n\n\n Feb. 1, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT\n INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR\n DISSEMINATION IN THE UNITED STATES./\n\n\nSymbol: MBC:TSX\nShares Outstanding: 72,689,336\nFully Diluted: 80,703,643\n\n\nTORONTO, Feb. 1 /CNW/ - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC) is pleased to announce that it has entered into an agreement with\n Canaccord Genuity Corp., on behalf of a syndicate of underwriters led\n by Canaccord Genuity Corp., pursuant to which the underwriters have\n agreed to purchase, on a bought deal basis, 11,900,000 common shares of\n the Company (the "Common Shares") at a price of $3.10 per Common Share\n for gross proceeds of $36,890,000. The Corporation has granted the\n underwriters an option (the "Over-Allotment Option") to purchase an\n additional 1,785,000 Common Shares at the offer price and on the same\n terms as the offering, exercisable at any time, in whole or in part,\n for a period of 30 days after and including the closing date of the\n offering. If the Over-Allotment Option is exercised in full, an\n additional C$5,533,500 will be raised pursuant to the Offering, for\n total aggregate gross proceeds of C$42,423,500.\n\n\nThe Company will file a preliminary short form prospectus in each of the\n Provinces of British Columbia, Alberta, Manitoba, and Ontario,...

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