RE:RE:RE:mbc.wt TORONTO, April 17, 2014 /CNW/ - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC and OTCQX:MBCFF) is pleased to announce that it has completed its previously announced equity financing, which included the full exercise of the over-allotment option granted for the underwriters, for aggregate gross proceeds of approximately $20.7 million (the "Offering"). A total of 29,578,000 units of the Company (the "Units"), including those issued pursuant to the exercise of the over-allotment option, were issued and sold at a price of $0.70 per Unit. Each Unit was comprised of one common share of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at an exercise price of C$1.00 per share at any time prior to April 17, 2019. The Offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp., and including BMO Nesbitt Burns Inc., National Bank Financial Inc., GMP Securities L.P., Paradigm Capital Inc., and Raymond James Ltd.
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