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News Release: Pan American Fertilizer Corp. (CNSX: PAF) Announces Closing Of Non-Brok

Discussion in 'Stock Market News & Analysis' started by SmartStocks, Jan 31, 2013.

  1. SmartStocks

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    News Release: Pan American Fertilizer Corp. (CNSX: PAF) Announces Closing Of Non-Brokered Private Placement



    VANCOUVER, BRITISH COLUMBIA, January 31, 2013 - Pan American Fertilizer Corp. (CNSX: PAF) (“Pan American” or the "Company") announces that it has closed a portion of the non-brokered private placement (the “Offering”) as previously announced on October 24, 2012 and issued 240,000 units (“Units”) at a price of $0.25 per Unit for gross proceeds of $60,000. Each Unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.40 per Share at any time until January 31, 2018.



    In connection with the Offering, the Company has paid Jordan Capital Market Inc. (the “Finder”) a cash commission in the amount of $4,800, being 8% of the aggregate proceeds from the sale of Units to purchasers introduced by the Finder. The Company has also issued non-transferrable Warrants to the Finder to acquire up to 19,200 Shares, being 8% of the number of Units sold under the Offering to purchasers introduced by the Finder, exercisable at $0.40 per Share until January 31, 2018.



    The net proceeds from the Offering are to be used for working capital purposes. All securities issued in connection with the Offering are subject to a four month statutory hold period expiring on June 1, 2013.



    About Pan American Fertilizer Corp.



    Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as “Agricultural Gypsum”). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets.



    When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields.



    On behalf of the board of directors of Pan American Fertilizer Corp.



    “Randy Wright”



    Randy Wright

    President and CEO



    FOR MORE INFORMATION, PLEASE CONTACT:



    Arwen Reynolds

    areynolds@pafertilizer.com

    (604) 638-3480
     
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    Re: News Release: Pan American Fertilizer Corp. (CNSX: PAF) Announces Closing Of Non-

    Pan American Fertilizer (CNSX: PAF) Chairman Letter: Re-cap 2012, a look at 2013.



    VANCOUVER, BRITISH COLUMBIA, February 15, 2013 - Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) releases the following Corporate Update to its shareholders, from the Chairman; Randy Wright.


    Source: http://bit.ly/VmbS0n


    Dear Shareholder,


    It gives me great pleasure to be able to provide you with an update on the progress and developments of Pan American Fertilizer Corp. Since our establishment in May 2012, we have made significant progress on our Santiago Del Estero Agricultural Gypsum project and I am pleased to confirm that the Company has successfully met the milestones that were established for 2012.


    Highlights for 2012 include:


    Official Mining Certificate obtained;

    Successful testing of our extraction process;

    Execution of 24 hour extraction cycle;

    Agreement established with nation-wide distribution company (Mamasu);

    Successful execution of end-to-end sales cycle;

    12,000 tonnes of Calcium Sulphate (granular and powder) extracted; and

    USD$490,000.00 received in revenue (from actual sales completed during our testing phase).

    These achievements are significant as 2012 was a testing, building and development year for us. In 2013 our focus shifts to the following areas; growing our sales channels, increasing our extraction capacity and expanding distribution into other countries. It is our expectation that we will experience continuous organic growth this year, and our confidence in meeting our expectations is demonstrated in the milestones we have set for 2013.


    Primary Milestone (2013):


    Sales of 100,000 tonnes

    Late last year, Pan American disclosed that the Company had successfully closed a purchase order with Paraguayan company; Agro Industrial (“Agro”), for up to 48,000 tonnes (announced Nov 16, 2012), at a price of US$97.81 per tonne, to be executed and delivered in 2013. We are pleased to announce that the Company has met, and continues to meet, the delivery milestones under this agreement.


    In addition to the sales to Agro, we will continue to distribute our high quality product throughout Argentina, via our Mamasu distributor (per the arrangement with Mamasu announced July 30, 2012). We are pleased to report that through this arrangement, we have shipped approximately 10,000 tonnes.


    As we continue to mature, and in alignment with our core business model of increasing cash-flow by extracting and selling fertilizer related products, once primary growth milestones are reached, it is the Company’s medium to long term intended goal, that subject to legal and contractual restrictions, we will be able to declare a dividend to shareholders.


    Actual declared dividends are subject to the discretion of the Company’s Board of Directors and may vary from the intentions stated depending on, among other things, the Company’s earnings, financial requirements and other conditions existing at such future time.


    Our strategy remains based on the simple principal of supplying the highest quality product available to a continually growing, robust market. As we move forward and meet both our extraction and sales milestones, our anticipated revenue stream will allow us to also pursue value added transactions with local Argentinean and international partners. We will continue to remain open to new opportunities that will leverage our current position and enable us to meet our long-term vision of becoming a major global fertilizer supplier.


    Your Board of Directors and management team remain dedicated to increasing shareholder value, and we continue to be motivated by the prospects of the Company. I would like to personally thank each of you, and will work to ensure your trust is maintained as Pan American grows.


    Sincerely,


    Randy Wright

    Chairman, President and CEO
     
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    Re: News Release: Pan American Fertilizer Corp. (CNSX: PAF) Announces Closing Of Non-

    Pan American Fertilizer (CNSX: PAF) New Director and Officer Appointments


    Source: http://bit.ly/100fZMI


    VANCOUVER, BRITISH COLUMBIA, March 20, 2013 - Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) today announced that it has appointed two new Directors to its Board, and appointed one new Officer of the company.

    "I am delighted to welcome Ignacio Randle and Greg Reimer to Pan American’s Board of Directors, and am pleased to announce the Officer appointment of Sukhprit Sajan as Vice President - Finance,” said Randy Wright, Chairman, President and CEO of the Company. “As we continue to grow and expand our market share, our company will benefit from their depth of knowledge and diversity in experience.”

    Ignacio J Randle is a partner at the law firm Estudio Randle in Buenos Aires, Argentina, advising domestic and foreign clients in international business transactions, transnational investment, and M&A’s with emphasis in energy and natural resources projects. He is recognized throughout the world, as a leader in his field and his practice covers mining exploration, development and production; including title review, due diligence of permit, engineering, construction, operation, option, lease, royalty and purchase and joint-venture agreements, as well as mining-related compliance, litigation, tax, regulatory, private and public financing, employment, corporate, community and environmental health and safety matters. He received his law degree from the Catholic University of Argentina in 1986 and his Master in Laws (LLM) degree from the University of Chicago Law School in 1990. He practiced as a foreign attorney with Baker & Botts in Houston, Texas and Washington, DC, and with McDermott, Will & Emery in Chicago, Illinois. He has served as a Board Member for Oroplata S.A. (Goldcorp.) - June 2011 - December 2011; currently serves as Alternative board of director member of Goldcorp Exploraciones de Argentina S.A. - January 2012 to present; and serves as Trustee, Rocky Mountain Mineral Law Foundation - 2011 to Present.

    Gregory (Greg) Reimer served 26 years in the BC Public Service prior to being appointed Executive Vice-President of BC Hydro's Transmission & Distribution business group in June 2010. Mr. Reimer has extensive operational experience and demonstrated strong leadership. He is responsible for overseeing significant capital infrastructure initiatives that involve the expansion, upgrading and maintenance of the province's transmission and distribution systems. A Certified General Accountant by profession, Mr. Reimer held senior leadership positions in the public sector, including Deputy Minister of Provincial Revenue and, most recently, Deputy Minister of Energy, Mines and Petroleum Resources. In this role, he led the development of the 2007 BC Energy Plan and the 2010 Clean Energy Act.

    Sukhprit Sajan, CGA, has several years experience working in rapidly growing companies, and has conducted business throughout North and Central America, the Caribbean, United Kingdom and Europe.
    Over the course of his career Sukhprit has been retained in a variety of roles, undertaking a broad range of fiduciary and financial responsibilities, including: cash management and treasury functions, implementation of financial systems and controls, enhancement of policies and procedures, financial and management reporting, and team development.

    Pan American Board members are appointed, or re-elected, on an annual basis. At the recently held Annual General Meeting (AGM); Mr. Ignacio Randle, Mr. Greg Reimer, Mr. Ben Wendland, Mr. Kurt Loewen and Mr. Randy Wright were appointed to the Pan American Board of Directors.



    About Pan American Fertilizer Corp.
    Pan American is a Canadian company dedicated to providing fertilizer to growing global markets specifically in South and Central America. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as “Agricultural Gypsum”) currently in Argentina. To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets and by expanding its markets to neighbouring countries with Argentina.

    When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulphate mineral composed of calcium sulphate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields. For more information please look at our website www.PAFertilzer.com
     
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    Pan American Fertilizer (CNSX: PAF) appoints new President

    VANCOUVER, BRITISH COLUMBIA, April 22, 2013 – Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) announced today that it has appointed Mr. Scott Walters as President of the Company, effective immediately. Randy Wright will remain Chairman of the Board and Chief Executive Officer.

    On his appointment, Scott Walters stated, “I look forward to working with Randy and our team on growing revenue through continued sales growth and expanding distribution to our rapidly developing customer base in South America. We will continue our focus of delivering key agricultural products and leveraging our team’s operational expertise with the goal of providing shareholders increased value and profitability.”



    A financial executive, with over eighteen years international experience; creating, building and selling successful businesses in the financial and resource sector, Scott Walters has spent the majority of his career investing in and financing the natural resource space with a focus on gold, silver, uranium and agri-minerals. He is well versed in all types of investment banking transactions and over the last few years primarily focused on public and private equity and debt offerings; exclusive sale assignments, strategic advisory assignments, RTO’s and IPO’s. Investment targets have been in the Americas, Europe, Central Asia, Australasia and several African nations. Previously Managing Partner and Founder of several successful companies, Scott has extensive experience managing people and projects in the resource sector.



    "I am delighted to welcome Scott Walters to the Pan American team, and am pleased he will be undertaking the role of President,” said Randy Wright, Chairman and CEO of the Company. “Scott has been an active strategic advisor in the agri-consulting sector for many years and our Company can only benefit from his insight and expertise. I am confident that under his strategic guidance and leadership, Pan American will continue to grow its market share and is on the right path to becoming a major player in the fertilizer and industrial mineral market.”
     
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    Great article on $PAF via the Financial Post.

    Pan American Plans Its Medical Marijuana Strategy


    It’s a one-two punch at Pan America Fertilizer, a small TSX-Venture listed company whose business is in “providing fertilizer to growing global markets specifically in South and Central America.”

    On Friday, the company that has a market cap of $6-million announced an expansion of its operation to Uruguay while maintaining its base in Argentina. Establishing operations in Uruguay will, it said, ensure that it’s “on track to grow its market share, as fertilizer providers, within the agricultural industry of South America.” Uruguay was chosen to allow the company to capitalize on that country’s agricultural market as well as allow for “diversity’ in the types of products on which its fertilizer can be used.”

    On Tuesday Pan American announced the second shoe: an intention to raise $500,000 by way of a non-brokered private placement. It’s understood Pan American limited the amount it wants to raise because of its desire to maintain a tight capital structure. In time the hope would be to raise additional capital – but at higher prices.

    The cash raised from its current offering, will be used, in part, to expand into Uruguay, a county that has also received an investment from Dundee Agricultural Corp., a unit of Dundee Corp.

    DAC has made a strategic investment in privately held Union Group International Holdings that was founded by Juan Sartori, a Uruguayan entrepreneur, who has expanded into real estate and mining from his original agriculture base.

    So what are the plans?

    In short, Pan American plans to get into the medical marijuana business. Indeed Uruguay will be the testing ground for the company’s existing products as well as developing new blends for medical marijuana and other crops. But Pan America has no plans to get into the production and distribution of medical marijuana – a business that becomes legal next month — in Uruguay. (In April, producing medical marijuana under a government licence also gets underway in Canada. At least one of those companies, Tweed Inc., will be public.)

    According to a source familiar with Pan American’s plans, the company is not looking to grow marijuana to sell to the market. Rather it is planning a long-term study of its products with a view to increasing the yield of marijuana and other important high value crops.

    Pan American will move into that industry by working with scientists on the development of an outdoor marijuana grow-op testing centre that will use its fertilizer and/or additives. The aim is to use its products to produce higher quality medical marijuana or other crops.

    Accordingly, Pan American argues that the best way to make a return for its investors in the medical marijuana market, is not through growing the stuff – but to help those who have that goal by supplying them the best and most productive set of raw materials.

    And Pan American may seek joint venture partners to help finance the purchase of operating assets – and avoid dilution of its existing shareholders. If the government of Uruguay allows widespread commercial production of marijuana, in the next few years, then Pan American may be in a good position to develop its base.

    Certainly the market has taken notice of the company. According to Bloomberg, recent trading has jumped to many times the daily normal while the share price has also risen. It closed Tuesday at $0.175 – or about four times the level of one month back.


    SOURCE: http://business.financialpost.com/2014/03/18/pan-american-plans-its-medical-marijuana-strategy/
     
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