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Replies to post #28 on Pan American Fertilizer Corp. (fka GFRCF)
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.
PAN AMERICAN FERTILIZER (TSX.V: PFE, Frankfurt: 6GF) Provides Update on Late Year End 2013 Filing and Corporate Activities
(via Thenewswire.ca)
Vancouver, B.C., / TNW-ACCESSWIRE / September 10, 2014 / Pan American Fertilizer Corp. (TSX.V: PFE, Frankfurt: 6GF) (the "Company" or "Pan American") provides an update to its 2013 Year End Filings and corporate activities.
The 2013 Year End audit is substantially complete and is expected to be filed between the end of September and early October, 2014. The Company is currently preparing all of the documentation required to request a lifting of the Cease Trade Order and for active trading to re-commence on the TSX-V exchange once the 2013 Year End audit has been filed.
The Company is in the process of completing a corporate restructuring. During this time Dr. Robert Rennie, Executive Chairman of the Board, will assume full responsibility for the Company so that Randy Wright can focus all of his activities on the Company's South American operations. Further changes will be announced in due course.
The Company is seeking bridge financing of up to $350,000 in order to ensure continued operations in Argentina and re-listing on the TSX-V.
The Company continues to supply its customer from its Manto Blanco gypsum site in Argentina and is gearing up to meet orders from its Argentine and Paraguayan customers during the upcoming peak application season for gypsum which starts in December 2014 and continues into the second quarter of 2015.
About Pan American Fertilizer Corp.
Pan American is a Canadian company dedicated to providing fertilizer to growing agricultural markets specifically in the Cono Sur of South America. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as "Agricultural Gypsum") in Argentina. To ensure long term development and increase shareholder value, Pan American plans to significantly expand its current operational objectives while building its asset base by acquiring additional calcium sulphate properties and other fertilizer related assets and by expanding its markets to countries of the Cono Sur which neighbor Argentina Such as Paraguay, Uruguay, Chile and Brazil.
On behalf of the Board of Directors of Pan American Fertilizer Corp.
"Rob Rennie"
Dr. Rob Rennie
Executive Chairman
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2014 TheNewswire - All rights reserved.
