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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Chemicals Basic Materials
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

Itafos Inc
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Comment by kennethjwon Apr 05, 2016 3:28pm
216 Views
Post# 24733489

RE:RE:Unfaithful MBAC .... 2.5 MBAC = 1 GBL TSX.V

RE:RE:Unfaithful MBAC .... 2.5 MBAC = 1 GBL TSX.VI think MBC will issue 2.5 shares for ever 1 GB share to acquire GB.

GB just issued 265 million shares at $0.055, valuing the company at $38.9 million with 708 million total shares outstanding.  So MBC would have to issue 1,770 million shares to acquire GB's shares.  $38.9 million / 1,770 million = $0.022 per share.

Probably what MBC will open at if the halt is ever lifted.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities