MBAC Fertilizer Completes Acquisition
MBAC Fertilizer Corp. (formerly Sandwell Mining Ltd.) (TSX VENTURE:MBC) reported that the company has completed the previously announced the amalgamation of a wholly owned subsidiary of Sandwell Mining Ltd. and MBAC Opportunities and Financing Inc.
The press release is quoted as saying:
MBAC Fertilizer Corp. is focused on becoming a significant integrated producer of phosphate and potash fertilizer in the Brazilian market. In October 2008, MBAC indirectly acquired all of the quotas of Itafos Mineracao Ltda (“Itafos”), which holds a 100% interest in the Itafos phosphate mine and related infrastructure (the “Arraias-Campos Belos Project”). MBAC has also recently expanded its property portfolio in Brazil with the acquisition of two potash exploration projects and one additional phosphate exploration project.
Click here to access the entire press release
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Mon, Dec 28, 2009
Post by Melissa Pistilli, Potash Senior Reporter