Business
MBAC announces increase in previously announced financing to $50.1 million
/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DIS...
About this update from Itafos Inc
[{"type":"text","content":"\n\n\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS\n NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR\n DISSEMINATION IN THE UNITED STATES./\n\n\nTSX:MBC\nOTCQX:MBCFF\nShares Outstanding:       128,550,364\nFully Diluted:                     137,773,780\n\nTORONTO, April 1, 2013 /CNW/ - MBAC Fertilizer Corp. (\"MBAC\" or the \"Company\") (TSX: MBC) and (OTCQX:\n MBCFF) is pleased to announce that it has amended the terms of the previously\n announced bought deal private placement with a syndicate of\n underwriters led by Canaccord Genuity Corp. and including National Bank\n Financial Inc. and BMO Capital Markets (\"collectively, the\n \"Underwriters\") to increase the size of the offering by an additional\n 2,275,000 Common Shares.  Under the amended terms of the offering, the\n Underwriters have agreed to purchase an aggregate of 22,775,000 common\n shares for total gross proceeds of C$50,105,000 (the \"Offering\").\n\n\nThe Company and the Underwriters have also agreed to maintain the\n Over-Allotment Option in connection with the Offering to allow the\n Underwriters to purchase an additional 4,550,000 Common Shares of the\n Company for additional gross proceeds of $10,010,000.\n\n\nThe net proceeds are intended to be used by the Company for the\n completion of the Itafós Project and for working capital and general\n and administrative purposes. The shares issued under the above private\n placement will be subject to a four month hold period under applicable\n Canadian securities legislation.\n\n\nThe offering is subject to the receipt of all necessary regulatory and\n stock exchange approvals, including the approval of the Toronto Stock\n Exchange and applicable securities regulatory authorities.\n\n\nThis news release does not constitute an offer to sell or a solicitation\n of an offer to buy any of the securities of MBAC Fertilizer Corp. in\n the United States, nor shall there be any sale of the securities in any\n jurisdiction in which such offer, solicitation or sale would be\n unlawful. The securities offered have not been and will not be\n registered under the United States Securities Act of 1933, as amended\n (the \"U.S. Securities ...