RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:bids are getting thicker at 3.5Maybe this is what house 33 is selling? Lots to go if the case.TORONTO, April 1, 2013 /CNW/ - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC and OTCQX:MBCFF) announces highlights of its year-end results for the financial year ended December 31, 2012, provides a general corporate update including an update on the Itafs Arraias Single Super Phosphate ("SSP") Project ("Itafs" or "Itafs Project"). The Company also announces that it has entered into an agreement with Canaccord Genuity Corp. ("Canaccord"), pursuant to which Canaccord, as underwriter, has agreed to purchase, on a bought private placement basis, 20,500,000 common shares of the Company (the "Common Shares") at a price of $2.20 per Common Share for gross proceeds of C$45,100,000 (the "Bought Private Placement"). The Corporation has granted Canaccord an option (the "Underwriter's Option") to purchase an additional 4,550,000 Common Shares at the offer price and on the same terms as the offering (see "Bought Private Placement" below).