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    MBAC Fertilizer Corp Completes Bought Deal Private Placement for $51.7 Million

    Investing News Network
    Apr. 17, 2013 09:01AM PST
    Potash Investing

    MBAC Fertilizer Corp. (TSX:MBC, OTCQX:MBCFF) announced that it has completed a bought deal private placement worth approximately $51.7 million.

    MBAC Fertilizer Corp. (TSX:MBC, OTCQX:MBCFF) announced that it has completed a bought deal private placement worth approximately $51.7 million.

    As quoted in the press release:

    The net proceeds of the Offering are intended to be used by the Company for the completion of the Itafós Project, for working capital and general and administrative purposes. The Offered Shares will be subject to a four month hold period under applicable Canadian securities legislation.

    To view the whole press release, click here.

    bought deal private placementprivate placementmbac fertilizer corptsx:mbc
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