Pan American Fertilizer Corp. (fka GFRCF)

[wingtrade]

I am remaining positive on this play though because they just closed a private placement and they just closed a favorable shares for debt agreement... based upon the private placement lockup, they need to have this up and trading before August.

http://pafertilizer.com/news_media/news_releases/index.php?&content_id=100

Vancouver, B.C., Canada. April 14, 2014 - Pan American Fertilizer Corp. (TSX.V: PFE, Frankfurt: 6GF) (the “Company” or “Pan American”) is pleased to announce that further to its news release of April 3, 2014 it has closed the non-brokered private placement of units (the “Offering”) for gross proceeds of $780,500.

The closing consisted of 7,805,000 units (the “Units”) at a price of $0.10 per Unit. Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of a share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Share at a price of $0.15 per Share until April 11, 2016.

In connection with the Offering, the Company has paid an aggregate cash commission of $42,200, being 8% of the aggregate proceeds from the sale of Units to purchasers introduced by certain arm’s-length finders. The Company has also issued warrants (the “Finder’s Warrants”) to acquire a total of 422,000 Shares, being 8% of the number of Units sold under the Offering to purchasers introduced by such finders. Each Finder’s Warrant entitles the holder to purchase one Share at a price of $0.15 per Share until April 11, 2016.

All securities issued under the Offering are subject to a statutory hold period ending on August 12, 2014 in accordance with applicable Canadian securities laws.