The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

MBAC Commences Trading on the OTCQX

Wednesday, August 03, 2011

MBAC Commences Trading on the OTCQX17:00 EDT Wednesday, August 03, 2011TORONTO, ONTARIO--(Marketwire - Aug. 3, 2011) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC)(OTCQX:MBCFF) is pleased to announce that it has commenced trading on the OTCQX International in the United States, the premium tier of the U.S. Over-the-Counter (OTC) marketplace) which is the largest electronic marketplace for broker-dealers to trade unlisted stocks. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com. Berns & Berns, Counsellors at Law will serve as MBAC's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.Antenor Silva, President and CEO of MBAC stated; "We are very pleased to be a part of the prestigious OTCQX International tier, we firmly believe that this type of exposure will bring the MBAC story to a whole new level of interested investors in the US and in Europe."About MBAC MBAC is focused on becoming a significant integrated producer of phosphate and potash fertilizers in the Brazilian and Latin American markets. MBAC has an experienced team with over 150 years of combined experience in the business of fertilizer operations, management, marketing and finance within Brazil. In October 2008, MBAC acquired Itafós Mineração Ltda, which consisted of a phosphate mine, a mill and plant and related infrastructure, all located in central Brazil. MBAC's exploration portfolio includes a number of additional phosphate and potash projects, which are also located in Brazil. The Company continues to search for additional fertilizer opportunities in the Brazilian and other Latin-American markets, where strong agricultural fundamentals and unique opportunities are expected to provide attractive growth opportunities in the near future. Further information on MBAC can be found on the Company's website at www.mbacfert.com and on SEDAR at www.sedar.com.Antenor Silva, President & Chief Executive OfficerFORWARD LOOKING STATEMENTS This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements related to activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking statements are often identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statements are made, and forward-looking statements involve known and unknown risks, uncertainties and other factors may cause the actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements.Shares Outstanding: 86,374,336Fully Diluted: 94,388,643FOR FURTHER INFORMATION PLEASE CONTACT: Steve BurletonMBAC Fertilizer Corp.Vice President, Corporate Development416-367-2200investor@mbacfert.comwww.mbacfert.com