SÃO PAULO, BRAZIL--(Marketwire - Sept. 13, 2012) - B&A Mineração S.A. ("B&A"), Av. Juscelino Kubistchek, 1830, Tower 1, 12th Floor, São Paulo, SP 04543-900 Brazil, announces that, it has acquired beneficial ownership of and control or direction over 13,623,685 common shares (each, a "Common Share") of MBAC Fertilizer Corp. (the "Company") from its controlling shareholder, BTG Equity Investments LLP ("BTG") (the "Transaction").
Prior to the closing of the Transaction, B&A did not own any securities of the Company.
Following the closing of the Transaction, B&A beneficially owns and exercises control or direction over 13,623,685 Common Shares, representing approximately 11.5% of the issued and outstanding Common Shares on an undiluted basis.
The Transaction was a private transaction completed outside of Canada and outside of any market or other facility. B&A paid BTG approximately CDN$2.73 per share for aggregate consideration of approximately CDN$37,200,000 pursuant to the Transaction.
B&A acquired the foregoing Common Shares for investment purposes. B&A may, in the future, increase or decrease its ownership of securities of the Company, directly or indirectly, from time to time depending on the business and prospects of the Company and future market conditions.
An early warning report (the "EWR") will be filed on SEDAR and will be available for review at www.sedar.com under the Company's profile. A copy of the EWR can be obtained from the contact below.