Brief: MBAC provides update on its strategic review process

Itafos

08/02/2016 12:00

Feb 8 (Reuters) - MBAC Fertilizer Corp  MBC.TO : 
 * Provides update on its strategic review process 
 * Continuing negotiations with an investment fund active in the fertilizer 
   industry 
 * Says offeror has increased its bridge loan to the company with an advance of 
   $126,586 
 * Total amount that the offeror has made available to Mbac under bridge loans 
   US now $2.92 million 
 * Parties have mutually agreed to further extend the letter of intent between 
   the parties" 
 
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