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MBAC Fertilizer Completes Acquisition
December 28, 2009 @ 12:10 pm In Potash Company News
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.
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[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Mbac-Fertilizer-Corp-TSX-VENTURE-MBC-1095654.html
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