Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Chemicals

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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Post by kisstopherpon Aug 10, 2015 12:09pm

271 Views

Post# 24003399

Status Update - August 10th 12:00 Pm

Over the weekend I spent considerable time reading up on our rights related to the requistion for a meeting.

1. Total shares pledged:

18,826,997

This represents 10%! Keep them coming

(If you just sent me a message after 11 am today please resend it I think I inadvertendly deleted your email)

2. Letter is almost complete and ready for your reviews.

3. Meeting is being scheduled with a lawyer at this law firm: https://www.mcleankerr.com/

4. Within 21 days they have four months to schedule a meeting according to my research.

5. Bad news - We may need the SIGNATURES of the those that pledge. Good News

PSALM pledged total + mine = over $9million SO PSALM be ready to do some leg work if needed.

Response was overwhemlimg - People pledged from all points in Canada, the US, Germany and France!

I even had one person message me to say that if we fell short they would purchase shares for no other reason to pledge them to the cause - how cool is that.

Keep faith