Business
MBAC completes $51.7 million bought deal financing
/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:152,029,492\nFully Diluted:161,252,908\n\n\nTORONTO, April 16, 2013 /CNW/ - MBAC Fertilizer Corp. (\"MBAC\" or the \"Company\") (TSX:MBC) (OTCQX:MBCFF) is pleased to announce that it has completed its previously announced\n bought deal private placement, including the partial exercise of the\n Underwriters' Option, for aggregate gross proceeds of approximately\n $51.7 million (the \"Offering\"). A total of 23,479,128 common shares of\n the Company (the \"Offered Shares\"), inclusive of those issued pursuant\n to the partial exercise of the Underwriters' Option, were issued and\n sold by the Company at a price of $2.20 per Offered Share. The Offering\n was completed through a syndicate of underwriters led by Canaccord\n Genuity Corp., and including National Bank Financial Inc. and BMO\n Nesbitt Burns Inc. (the \"Underwriters\").\n\n\nThe net proceeds of the Offering are intended to be used by the Company\n for the completion of the Itafós Project, for working capital and\n general and administrative purposes. The Offered Shares will be subject\n to a four month hold period under applicable Canadian securities\n legislation.\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 Act\") or any U.S. state securities laws and may\n not be offered or sold within the United States or to, or for the\n account or benefit of, U.S. Persons unless registered under the U.S.\n Securities Act and applicable state securities laws or unless an\n exemption from such registration is available.\n\n\nAbout MBAC\nMBAC is focused on becoming a significant integrated producer of\n phosphate and potash-based fertilizers and related products in the\n Brazilian and Latin American markets. MBAC has an experienced team with\n signi...