MBAC announces $15.6 million bought deal

MBAC Fertilizer Corp. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters led by Canaccord Genuity Corp., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 5,760,000 common shares of the Company (the "Common Shares") at a price of $2.70 per Common Share for gross proceeds of $15,552,000. The Corporation has granted the underwriters an option (the "Over-Allotment Option") to purchase an additional 864,000 Common Shares at the offer price and on the same terms as the offering, exercisable at any time, in whole or in part, for a period of 30 days after and including the closing date of the offering. If the Over-Allotment Option is exercised in full, an additional C$2,332,800 will be raised pursuant to the Offering, for total aggregate gross proceeds of C$17,884,800.