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MBAC Fertilizer Corp.

03:36 PM EST - MBAC Fertilizer Corp. : announced 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, 7,450,000 common shares of the Company at a price of $2.70 per Common Share for gross proceeds of $20,115,000. MBAC Fertilizer Corp. shares T.MBC are trading down $0.14 at $2.69.