Business News • MarketWire • Zaff LLC Acquires Shares of MBAC Fertilizer Corp. |
Zaff LLC Acquires Shares of MBAC Fertilizer Corp. |
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Zaff LLC Acquires Shares of MBAC Fertilizer Corp.
TORONTO, ONTARIO--(Marketwired - Oct. 28, 2016) - Zaff LLC (Zaff) announced that it has acquired ownership of and control over 50,198,869 common shares (Acquired Shares) of MBAC Fertilizer Corp. (MBAC) (TSX VENTURE:MBC) pursuant to the implementation of a plan of compromise and arrangement under the Companies' Creditors Arrangement Act (Canada) (the Restructuring). The Restructuring included a consolidation of MBAC's previously issued and outstanding common shares (Common Shares) on the basis of one new Common Share for every 100 existing Common Shares (the Consolidation).
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