BUZZ-MBAC Fertilizer Corp: Receives non-binding offers

Thu Apr 9, 2015 11:15am EDT
 
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** Canadian phosphate producer's shares up 100 pct at 7 Canadian cents

** Company says late on Wednesday it has received indicative offers and expressions from a number of companies, mostly from the fertilizer and agriculture sectors

** Says bidders expected to submit binding proposals in Q2

** Up to Wednesday's close, stock had fallen 59 pct since MBAC said in January it was considering sale of company or of its assets