Pan American Fertilizer (TSX.V: PFE, Frankfurt: 6GF) Acquires Exumer Corporation S.A. in Uruguay - WSPA.com

Pan American Fertilizer (TSX.V: PFE, Frankfurt: 6GF) Acquires Exumer Corporation S.A. in Uruguay

Posted: Updated:

VANCOUVER, B.C., CANADA / ACCESSWIRE / May 01, 2014 / Pan American Fertilizer Corp. (TSX.V: PFE, Frankfurt: 6GF) (the “Company” or “Pan American”) is pleased to announce that it has acquired 100% of Exumer Corporation S.A. (“Exumer”), as part of the previously announced (See Press Release dated March 14th, 2014) expansion of operations to Uruguay with the intention to grow its market share in the fertilizer industry within South America.

“We are pleased with the addition of Exumer to the Pan American brand.” commented Randy Wright CEO of Pan American. “Exumer is an important piece to expanding our South American operations and growing our South American market share within the fertilizer industry. We look forward to operating in a business friendly and agricultural focused country such as Uruguay, and we believe that this is a significant step forward in expanding our brand.”

Mr. Wright will act as Exumer’s Director and Chief Executive Officer on behalf of Pan American’s interest.

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.

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.

“Randy Wright”

Randy Wright
Vice-Chairman and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Pan American Fertilizer Corp. 

ReleaseID: 415083

  • Top StoriesTop StoriesMore>>

  • High School Friday Night - Week 1

    High School Friday Night - Week 1

    Saturday, August 30 2014 12:37 AM EDT2014-08-30 04:37:09 GMT
    Week one of High School Friday Night Scores.
    Week one of High School Friday Night Scores.
  • NC Apple Festival Returns To Hendersonville

    NC Apple Festival Returns To Hendersonville

    Friday, August 29 2014 7:47 PM EDT2014-08-29 23:47:10 GMT
    The NC Apple Festival runs from Friday to Monday and officials say more than 225,000 people attended last year.The NC Apple Festival runs from Friday to Monday and officials say more than 225,000 people attended last year.

    Local farmers are celebrating a bountiful apple harvest this Labor Day weekend.

    Local farmers are celebrating a bountiful apple harvest this Labor Day weekend.

  • Spartanburg Man Arrested For 2nd Time, Burglary Arrest

    Spartanburg Man Arrested For 2nd Time, Burglary Arrest

    Friday, August 29 2014 7:14 PM EDT2014-08-29 23:14:57 GMT
    Spartanburg County deputies say they arrested Romel Alfaro,  same man arrested they say for assaulting 3 women on August 17th. Photo Courtesy: Spartanburg County Sheriff's OfficeSpartanburg County deputies say they arrested Romel Alfaro, same man arrested they say for assaulting 3 women on August 17th. Photo Courtesy: Spartanburg County Sheriff's Office
    Spartanburg County deputies say they've arrested the same man they say they booked for assaulting three women on August 17th.
    Spartanburg County deputies say they've arrested the same man they say they booked for assaulting three women on August 17th.

Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.