BRIEF-MBAC says continuing negotiations with an investment fund active in fertilizer industry

Mon Mar 28, 2016 7:25pm EDT
 
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March 28 (Reuters) - Mbac Fertilizer Corp

* MBAC provides update on its strategic review process

* Continuing negotiations with an investment fund active in fertilizer industry

* Parties have agreed to further extend LOI ,which contains an exclusivity clause,deadline for entering into definitive binding documentation

* No assurance that potential transaction will be successfully agreed and concluded

* No assurances that company will pursue or complete a business transaction or sale under its strategic process Source text for Eikon: )