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TORONTO, ONTARIO--(Marketwired - Jan. 11, 2017) - Itafos (TSX VENTURE:IFOS) ("Itafos" or the "Company") is pleased to announce that it has appointed Raymond James Ltd. (the "Lead Agent") to lead a syndicate of agents (the "Agents") to sell, by way of a marketed private placement on a best efforts basis, shares of the Company (the "Shares") at a price to be determined in the context of the market for gross proceeds of up to US$35,000,000 (the "Offering"). The net proceeds of the Offering shall be used primarily for the re-commissioning of the Company's Itafos Arraias SSP Operations and for working capital and general corporate purposes. |
