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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.


TSXV:IFOS - Post by User

Bullboard Posts
Post by notacasinoon Dec 14, 2015 6:00am
355 Views
Post# 24381967

Deadline for Definitive Binding Documentation is December 15

Deadline for Definitive Binding Documentation is December 15Very curious to see if the December 15 deadline will be met, and our mickey mouse BOD will actually provide news to us shareholders about what the heck is going on. Here is a snippet from the Nov. 16's new release: Negotiations with the investment fund active in the fertilizer industry continued. The parties mutually agreed to further extend the exclusivity period and the deadline for entering into definitive binding documentation to December 15, 2015. The parties have also agreed to extend the maturity date of the bridge loan which the investment fund had given the Company, from October 30, 2015 to the earlier of:(i)February 28, 2016; (ii) the closing of the recapitalization transaction which is being negotiated with the investor; or (iii) the termination of the letter of intent.
Bullboard Posts