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Last C$0.04 CAD
Change Today +0.0075 / 25.00%
Volume 4.7M
MBC On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 3:59 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

mbac fertilizer corp (MBC) Snapshot

Open
C$0.03
Previous Close
C$0.03
Day High
C$0.04
Day Low
C$0.03
52 Week High
08/1/14 - C$0.40
52 Week Low
03/31/15 - C$0.01
Market Cap
6.8M
Average Volume 10 Days
3.0M
EPS TTM
C$-0.42
Shares Outstanding
181.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MBAC FERTILIZER CORP (MBC)

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mbac fertilizer corp (MBC) Details

MBAC Fertilizer Corp., together with its subsidiaries, produces and sells phosphate fertilizers and related products in the Brazilian and other Latin American markets. Its primary project is the Itafós Arraias single super phosphate project consisting of 36 exploration permits, 5 mining applications, and 1 mining permit for a total of 69,561.17 hectares. The company’s material properties also include the Santana project covering 21 exploration properties, as well as 6 exploration permits under application for a total of 235,150 hectors; and Araxá project consisting of 4 exploration permits and 1 mining permit covering a total area of 226 hectares. MBAC Fertilizer Corp. is headquartered in Toronto, Canada.

mbac fertilizer corp (MBC) Top Compensated Officers

Founder and Director
Total Annual Compensation: C$33.3K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$257.5K
Vice President of Operations
Total Annual Compensation: C$222.4K
Compensation as of Fiscal Year 2014.

mbac fertilizer corp (MBC) Key Developments

MBAC Fertilizer Corp. Announces Resignation of Peter Marrone as Director

MBAC Fertilizer Corp. announced that Peter Marrone has resigned as a director of the company.

MBAC Provides Update On Strategic Review Process

MBAC Fertilizer Corp (TSX:MBC) has entered into exclusive discussions and negotiations with an investment fund active in the fertilizer industry that has submitted an offer as part of MBAC's strategic review process. The exclusivity period with the Offeror will expire on the earlier of the execution of a binding definitive agreement and September 30, 2015. The offer, which involves a recapitalization of the Company, is currently non-binding and subject to a number of conditions, including debt settlement with MBAC's creditors and senior lenders, a board restructuring and settlement of the Company's current liabilities; which could include informal settlements with creditors and, if deemed necessary, a formal plan for restructuring. The terms and conditions of a proposed transaction are being negotiated; however, there is no assurance that the transaction will be successfully agreed and concluded. In addition, the final terms and conditions of the transaction will be subject to all necessary approvals, including the approval of the boards of directors of MBAC and the Offeror, the shareholders of MBAC as well as applicable regulatory authorities, including the Toronto Stock Exchange. Both MBAC and Offeror are permitted to terminate the non-binding letter of intent at any time should either party determine not to proceed with a transaction. There can be no assurances that the Company will pursue or complete a business transaction or sale under its strategic process nor that a business transaction or sale will provide any value to all or any stakeholders. MBAC will provide further updates on its strategic review process as material developments occur.

MBAC Ordered To Suspend Sale Of Itafos Assets

MBAC Fertilizer Corp (TSX:MBC) proposed auction to sell certain assets of Itafós Mineração Ltda. which had been originally scheduled for June 30, 2015, has been suspended by the judge of the Superior Court of Brasilia, following injunctions filed by the company and certain lenders.

 

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MBC

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Valuation MBC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 0.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
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