Pan American Fertilizer Announces Expansion To Uruguay And Responds To Recent Trading Activity
March 14, 2014 (Source: Accesswire) — Pan American Fertilizer Corp. (TSX.V: PFE, Frankfurt: 6GF) (the”Company” or “Pan American”) announces expansion of operation to Uruguay.
The Company is pleased to announce the planned expansion of operations to Uruguay. The Company is maintaining its current operation in Argentina and, as planned, expanding into other markets. Establishing a base of operations in Uruguay will ensure the company is on track to grow its market share, as fertilizer providers, within the agricultural industry of South America. The Company is establishing a wholly owned subsidiary within Uruguay to capitalize on the Uruguay agricultural market.
“Establishing a secondary base in Uruguay offers us a unique opportunity to access the local Uruguayan market and demonstrates our Company’s continued commitment in South America. With continued focus on South America, including strategic expansion plans, we believe the Company will gain a significant foothold as fertilizer providers to the South American agricultural industry. We are looking forward to continued growth for our company and diversity in the types of agriculture our products can be used for.” said Randy Wright, the Company’s Vice Chairman and CEO.
In response to the recent market activity and increase in price of the Company’s shares, the Company reports no material changes in its business or affairs and is unaware of any fact which would explain the unusual trading activity.
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”) in Argentina. To ensure long term development and increase shareholder value, Pan American 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 countries neighbouring Argentina.
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The Calcium Sulphate project is a unique project, for the following reasons:
- 1)Its high grade calcium sulphate (CaSO4) rock outcrops and is fully permitted and in operations via conventional extraction methods with secured mining rights for 20 years with right to extend for another 20 years, allowing for scalable operations;
- 2)It is strategically located in close proximity to the well-known “Nucleus Agricultural Zones” of South America where the majority of the continents important and dynamic agribusiness activity is located;
- 3)It connects to Paraguay and Brazil’s largest fertilizer distribution districts via existing and high quality infrastructure;
- 4)It has the potential to supply CaSO4 to South America’s agriculture market from its large calcium sulphate-rich deposit.
When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulphate mineral composed of calcium sulphate dihydrate (CaSO4o2H2O) 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
On behalf of the Board of Directors of Pan American Fertilizer Corp.
Vice-Chairman and Chief Executive Officer
Forward Looking Statements
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation), including Statements contained in this news release that are not historical facts constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws and are based on expectations, estimates and projections as of the date of this release. The words “is expected” or “estimates” or variations of such words and phrases or statements that certain actions, events or results “may” or “could” occur and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Pan American as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Many of these factors can affect Pan American’s actual results and could cause actual results to differ materially from those expressed or implied in any forward looking statements made by, or on behalf of, Pan American. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future.
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