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Pan American Fertilizer Announces (CNSX: PAF) Letter of Intent with Pacific Potash (TSX-V: PP)
(via Thenewswire.ca) VANCOUVER, BRITISH COLUMBIA, August 14, 2012 - Pan American Fertilizer Corp., (CNSX: PAF) ("Pan American" or the "Company") is pleased to announce that it has entered into a letter of intent (the "LOI") with Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P) ("Pacific Potash"). The LOI sets out a proposal by Pan American to acquire 100% of the issued and outstanding common shares of Pacific Potash (the "Transaction") which will constitute a "major acquisition" for Pan American under the policies of the Canadian National Stock Exchange (the "CNSX"). Pacific Potash, a company listed on the TSX Venture Exchange (the "TSXV"), is engaged in the exploration and development of the Provost Potash Property and the surrounding potash claims targeting the Prairie Evaporite Formation. Pacific Potash also has an option to acquire up to an 80% interest in Western Potash Corporation's (TSX: WPX) Amazonas Basin claims in Brazil. Mr. Balbir Johal of Pacific Potash stated "We are very pleased with the proposed transaction as it provides our shareholders with a meaningful ownership in a stronger combined fertilizer-focused company. We believe this Transaction to be mutually beneficial to both parties and strategically positions the new company well for future value creation." His views were echoed by Mr. Randy Wright, President and CEO of Pan American who stated "Pan American considers the combination of the assets held by Pacific Potash and its subsidiaries to be consistent with Pan American's mission to bring its shareholders quality projects within the fertilizer industry. We look forward to building an exceptional company by expanding and diversifying our interest in the growing fertilizer market, which in turn will result in meaningful value creation for our shareholders" At closing of the Transaction (the "Closing Date"), Pan American will issue to the shareholders of Pacific Potash, on a pro rata basis, that number of common shares of Pan American such that, prior to the completion of the Concurrent Financing (as defined below) and on an undiluted basis, current shareholders of Pan American will hold 62.5% of the issued and outstanding common shares of Pan American and the former shareholders of Pacific Potash will hold 37.5% of the issued and outstanding common shares of Pan American. In connection with the Transaction, Pan American intends to complete a non-brokered private placement (the "Concurrent Financing"), by way of subscription receipts (each a "Subscription Receipt") at a price of $0.40 per Subscription Receipt for minimum gross proceeds of $2,000,000 and maximum gross proceeds of $5,000,000. Each Subscription Receipt will be converted into units (the "Units") upon completion of the Transaction at no additional consideration. Each Unit will be comprised of one common share of Pan American and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of Pan American at a price of $0.60 for a period of two years from the Closing Date. If the volume weighted average trading price of Pan American's common shares on the TSXV or CNSX, as applicable, exceeds $1.00 for a period of 20 consecutive trading days, Pan American may, within five days after such an event, provide notice to the Warrant holders of early expiry and thereafter, the Warrants will expire on the date which is 30 days after the date of such notice. The Concurrent Financing will be completed by way of a private placement, in reliance on applicable prospectus exemptions pursuant to National Instrument 45-106. Pan American will pay afinder's fee in cash, securities or a combination of both, up to the maximum amount permitted by the TSXV or CNSX, as applicable. Pan American intends to use the proceeds of the Concurrent Financing to fund the costs of the Transaction and to fund the general working capital expenses of the resulting issuer. It is the intention of Pan American and Pacific Potash to apply for the listing of Pan American's common shares on the TSXV concurrently with the completion of the Transaction. The completion of the Transaction is subject to a number of conditions, including, but not limited to, the execution of a definitive agreement, completion of satisfactory due diligence, approval of the Transaction by the board of directors and, if applicable, shareholders of each of Pan American and Pacific Potash, the completion of the Concurrent Financing for minimum gross proceeds of $2,000,000, and the approval of the TSXV and the CNSX. There can be no assurance that the Transaction will be completed as proposed, or at all. Bridge Loan Pan American is currently in the process of negotiating a loan agreement (the "Loan Agreement") with an arm's length lender (the "Lender"), in the principal amount of CDN$375,000, bearing interest at a rate of 12% per annum, accrued and payable at the end of the term which is expected to be 12 months. Upon the advancement of funds from the Lender to Pan American, Pan American will issue to the Lender 50,000 common shares as partial consideration under the Loan Agreement. About Pan American Fertilizer Corp. Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as "Agricultural Gypsum"). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets. When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate 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. About Pacific Potash Corporation Pacific Potash Corporation trades on the TSX Venture Exchange under the symbol: PP, as well on the OTCQX under the symbol: PPOTF and on the Frankfurt Stock Exchange under P9P. Pacific Potash is engaged in the exploration and development of the Provost Potash Property and the surrounding potash claims targeting the prolific Prairie Evaporite Formation, which is host to multiple conventional and solution potash mines. The Company also has an option to acquire an 80% interest in Western Potash Corporation's (TSX: WPX) Amazonas Basin claims. On behalf of the board of directors of Pan American Fertilizer Corp. |
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Pan American Fertilizer (CNSX: PAF) confirms high extraction rate of 39 tonnes of calcium sulphate per hour
(via Thenewswire.ca) VANCOUVER, BRITISH COLUMBIA, October 17, 2012 - Pan American Fertilizer Corp., (CNSX: PAF) ("Pan American" or the "Company") is pleased to announce it has recently confirmed an hourly extraction rate of 39 tonnes per hour of calcium sulphate (agricultural gypsum) at its Santiago Del Estero, Argentina site. "Our ability to extract our product at this impressive rate is a key milestone for Pan American and is part of our ongoing efforts to maximize the extraction capacity with our existing equipment configuration. This confirmed extraction rate, combined with our previously announced (June 21, 2012) execution of a test run of 24-hour operation extraction cycle, provides us with valuable information for current extraction capacity, add any additional pieces of equipment and duplicate the extraction methods on other parts of our property and new properties being acquired." reported Randy Wright President and CEO of Pan American. 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") currently in Argentina. To ensure long term development and increase shareholder value, Pan American currently 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 neighbouring countries with Argentina. When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate 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. www.PAFertilzer.com On behalf of the board of directors of Pan American Fertilizer Corp. "Randy Wright" Randy Wright President and CEO |
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Pan American Fertilizer (CNSX: PAF) Confirms a Sale Price of $97.81 USD/ per tonne for the previously announced sales LOI with Paraguay
(via Thenewswire.ca) NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, BRITISH COLUMBIA, October 24, 2012 - Pan American Fertilizer Corp., (CNSX: PAF) ("Pan American" or the "Company") is pleased to announce that it has confirmed a sales price of $97.81 USD / per tonne as per the terms of our previously announced ( October 17th, 2012) non-binding letter of intent (the "LOI") with Agro Industrial Campos Nuevos ("Agro Industrial"). Under the terms of the LOI, Pan American will sell Agro Industrial between 30,000 and 50,000 tonnes of calcium sulphate (agricultural gypsum) over a 12 month period at an agreed sales price of $97.81USD / per tonne. "The establishment of such a strong sales price connected to a large potential sale contract is great news for Pan American and its shareholders. It allows us to further quantify the value of our Argentinean calcium sulphate assets, while also proving that our product will command a premium price in the massive domestic and international market for our product." reported Randy Wright, President and CEO of Pan American. Repricing of Concurrent Financing The Company also announces that further to the Company's press release dated September 21, 2012, the terms of the concurrent financing (the "Concurrent Financing") to be completed in connection with a statutory plan of arrangement with Pacific Potash Corporation (the "Transaction") have been revised. The Concurrent Financing will be completed by way of a private placement of units (each a "Unit") and subscription receipts (each a "Subscription Receipt") at a price of $0.25 per Unit or Subscription Receipt, as applicable, for total aggregate minimum gross proceeds of $2,000,000 and maximum aggregate gross proceeds of $5,000,000. Each Subscription Receipt will be deemed to be exchanged upon certain release conditions being met, without payment of any additional consideration, for one Unit. Each Unit will be comprised of one common share of Pan American (each a "Share") and one common share purchase warrant of Pan American (each a "Warrant"). Each Warrant will entitle the holder to purchase one Share at a price of $0.40 for a period of five years from the closing of the Concurrent Financing. The Company currently intends to list the Warrants for trading on the TSX Venture Exchange. There can be no assurance that such listing will be completed. The Company has entered into an engagement letter with Jordan Capital Markets Inc. (the "Agent") to act as agent on a commercially reasonable efforts basis, in connection with the offering of a portion of the Concurrent Financing by way of a brokered private placement of Units for minimum gross proceeds of $500,000 and maximum gross proceeds of $1,000,000 (the "Brokered Offering"). The Agent will receive a commission payable in cash, equal to 7% of the gross proceeds of the Units sold pursuant to the Brokered Offering. The Company has also agreed to issue broker warrants ("Broker Warrants") equal to 7% of the Brokered Offering and to pay $15,000 (plus HST) as a corporate finance fee. Each Broker Warrant shall be exercisable for one Share at a price of $0.40 at any time up to 60 months after closing. In addition, the Company will pay the Agent's reasonable expenses in connection with the Brokered Offering. The securities to be issued in the Concurrent Financing will be exempt from the prospectus and registration requirements of applicable securities laws in Canada. All such securities will be subject to a hold period of four months and one day from the date of closing. In connection with the Concurrent Financing and the Transaction, Pan American may pay finder's fees in cash, securities or a combination of both, up to the maximum amount permitted by the TSXV or CNSX, as applicable. Pan American intends to use the proceeds of the Concurrent Financing to fund the costs of the Transaction and to fund the general working capital expenses of the resulting issuer |
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Pan American Fertilizer (CNSX: PAF) Chairman Letter to Shareholders
Source: http://bit.ly/TejPONttp:/ VANCOUVER, BRITISH COLUMBIA, November 22nd, 2012 - Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) reports releases the following letter to its shareholders from its Chairman, Randy Wright. Dear Shareholder, Pan American recently announced the termination of our previously announced merger with Pacific Potash. Unfavorable market conditions were the key factor in the board’s decision to not move forward with the merger. The Company remains ideally positioned to take advantage of our rapidly increasing extraction rate at our Santiago Del Estero, Argentina site, as well as the steady increase in both local and international demand for our high quality product. Our strategy remains based on the simple principal of supplying the highest quality product available to a continually growing robust market. As we move forward and meet both our extraction and sales milestones, our revenue stream will allow us to also pursue value added transactions with local Argentinean and international partners while avoiding significant share dilution. We will continue to remain open to new opportunities that will leverage our proven asset and position us to meet our long term vision of becoming a major global fertilizer supplier. Your Board of Directors and management team remain dedicated to increasing shareholder value, and we continue to be motivated by the prospects of the Company. I would like to personally thank each of you, and will work to ensure your trust is maintained as Pan American grows. Sincerely, “Randy Wright” Randy Wright Chairman, President and CEO |
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Pan American Fertilizer Corp. (CNSX: PAF) Announces Closing Of 1st Tranche Private Placement
Source: http://bit.ly/SsmhlR VANCOUVER, BRITISH COLUMBIA, December 3, 2012 - Pan American Fertilizer Corp. (CNSX: PAF) (“Pan American” or the "Company") announces that it has closed the first tranche of a previously announced brokered private placement (the “Offering”) and issued 2,100,000 units (“Units”) at a price of $0.25 per Unit for gross proceeds of $525,000. Each Unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.40 per Share at any time until November 30, 2017. In connection with the Offering, the Company has paid Jordan Capital Markets Inc. a cash commission of $42,000 and issued 168,000 non-transferable agent warrants exercisable at $0.40 per share until November 30, 2017. The net proceeds from the Offering are to be used for working capital purposes. All securities issued in connection with the Offering are subject to a four month statutory hold period expiring on March 31, 2013. The Company also announces that Mr. Tariq Malik has resigned as Executive Vice-President and Chief Operating Officer effective November 30, 2012. About Pan American Fertilizer Corp. Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as “Agricultural Gypsum”). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets. When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate 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. On behalf of the board of directors of Pan American Fertilizer Corp. “Randy Wright” Randy Wright President and CEO FOR MORE INFORMATION, PLEASE CONTACT: Arwen Reynolds areynolds@pafertilizer.com (604)638-3480 |
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Pan American Fertilizer (CNSX: PAF) Completion of Shares for Debt Settlement
Source: http://bit.ly/TFLkTV VANCOUVER, BRITISH COLUMBIA, December 4, 2012 - Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) announces that it has entered into a debt settlement agreement on November 30, 2012 (the “Debt Settlement Agreement”) with Randy Wright (“Wright”), the CEO and President of the Company, pursuant to which the Company settled $500,000 of debt owed to Wright by the issuance of 2,000,000 common shares of the Company at a deemed price of $0.25 per share. In addition, the Company has entered into a loan agreement (the “Loan Agreement”) with Wright to extend the term of a loan provided by Wright in the amount of $341,219 for 24 months, payable on December 1, 2014. The Company determined to satisfy its outstanding indebtedness with shares and extension of terms in order to preserve its cash for operations. The foregoing transactions are “related party transactions”, as such term is defined under Multi-Lateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Pursuant to section 5.5(b) of MI 61-101, the Company is not required to obtain a formal valuation in connection with the transactions as the Company’s common shares are listed for trading on the Canadian National Stock Exchange and none of the Company’s securities are listed or quoted on the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the NASDAQ Stock Market, or a stock exchange outside of Canada. Pursuant to section 5.7(a) of MI 61-101, the Company is not required to obtain minority shareholder approval of the transactions as the fair market value of the transactions does not exceed 25% of the Company’s “market capitalization”, as such term is defined under MI 61-101, based on the following: The aggregate fair market value of the Loan Agreement and the Debt Settlement Agreement is $841,219; and The current “market capitalization” of the Company, as at October 31, 2012, was $9,441,772, as determined in accordance with section 1.3 of the Ontario Securities Commission Rule 62-504. The common shares issued to Wright are subject to a hold period in British Columbia expiring on March 31, 2014. Wright, a director of the Company, declared his interest in the Loan Agreement and the Debt Settlement Agreement to the board of directors of the Company and abstained from voting with respect to the approval of the Loan Agreement and the Debt Settlement Agreement. Upon completion of the transactions, Wright will own 8,262,705 common shares of the Company representing 18.71% of the total number of issued and outstanding common shares of the Company as at the date of this news release. |
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News Release: Pan American Fertilizer Corp. (CNSX: PAF) Announces Closing Of Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA, January 31, 2013 - Pan American Fertilizer Corp. (CNSX: PAF) (“Pan American” or the "Company") announces that it has closed a portion of the non-brokered private placement (the “Offering”) as previously announced on October 24, 2012 and issued 240,000 units (“Units”) at a price of $0.25 per Unit for gross proceeds of $60,000. Each Unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.40 per Share at any time until January 31, 2018. In connection with the Offering, the Company has paid Jordan Capital Market Inc. (the “Finder”) a cash commission in the amount of $4,800, being 8% of the aggregate proceeds from the sale of Units to purchasers introduced by the Finder. The Company has also issued non-transferrable Warrants to the Finder to acquire up to 19,200 Shares, being 8% of the number of Units sold under the Offering to purchasers introduced by the Finder, exercisable at $0.40 per Share until January 31, 2018. The net proceeds from the Offering are to be used for working capital purposes. All securities issued in connection with the Offering are subject to a four month statutory hold period expiring on June 1, 2013. About Pan American Fertilizer Corp. Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as “Agricultural Gypsum”). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets. When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate 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. On behalf of the board of directors of Pan American Fertilizer Corp. “Randy Wright” Randy Wright President and CEO FOR MORE INFORMATION, PLEASE CONTACT: Arwen Reynolds areynolds@pafertilizer.com (604) 638-3480 |
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Pan American Fertilizer (CNSX: PAF) Chairman Letter: Re-cap 2012, a look at 2013.
VANCOUVER, BRITISH COLUMBIA, February 15, 2013 - Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) releases the following Corporate Update to its shareholders, from the Chairman; Randy Wright. Source: http://bit.ly/VmbS0n Dear Shareholder, It gives me great pleasure to be able to provide you with an update on the progress and developments of Pan American Fertilizer Corp. Since our establishment in May 2012, we have made significant progress on our Santiago Del Estero Agricultural Gypsum project and I am pleased to confirm that the Company has successfully met the milestones that were established for 2012. Highlights for 2012 include: Official Mining Certificate obtained; Successful testing of our extraction process; Execution of 24 hour extraction cycle; Agreement established with nation-wide distribution company (Mamasu); Successful execution of end-to-end sales cycle; 12,000 tonnes of Calcium Sulphate (granular and powder) extracted; and USD$490,000.00 received in revenue (from actual sales completed during our testing phase). These achievements are significant as 2012 was a testing, building and development year for us. In 2013 our focus shifts to the following areas; growing our sales channels, increasing our extraction capacity and expanding distribution into other countries. It is our expectation that we will experience continuous organic growth this year, and our confidence in meeting our expectations is demonstrated in the milestones we have set for 2013. Primary Milestone (2013): Sales of 100,000 tonnes Late last year, Pan American disclosed that the Company had successfully closed a purchase order with Paraguayan company; Agro Industrial (“Agro”), for up to 48,000 tonnes (announced Nov 16, 2012), at a price of US$97.81 per tonne, to be executed and delivered in 2013. We are pleased to announce that the Company has met, and continues to meet, the delivery milestones under this agreement. In addition to the sales to Agro, we will continue to distribute our high quality product throughout Argentina, via our Mamasu distributor (per the arrangement with Mamasu announced July 30, 2012). We are pleased to report that through this arrangement, we have shipped approximately 10,000 tonnes. As we continue to mature, and in alignment with our core business model of increasing cash-flow by extracting and selling fertilizer related products, once primary growth milestones are reached, it is the Company’s medium to long term intended goal, that subject to legal and contractual restrictions, we will be able to declare a dividend to shareholders. Actual declared dividends are subject to the discretion of the Company’s Board of Directors and may vary from the intentions stated depending on, among other things, the Company’s earnings, financial requirements and other conditions existing at such future time. Our strategy remains based on the simple principal of supplying the highest quality product available to a continually growing, robust market. As we move forward and meet both our extraction and sales milestones, our anticipated revenue stream will allow us to also pursue value added transactions with local Argentinean and international partners. We will continue to remain open to new opportunities that will leverage our current position and enable us to meet our long-term vision of becoming a major global fertilizer supplier. Your Board of Directors and management team remain dedicated to increasing shareholder value, and we continue to be motivated by the prospects of the Company. I would like to personally thank each of you, and will work to ensure your trust is maintained as Pan American grows. Sincerely, Randy Wright Chairman, President and CEO |
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Pan American Fertilizer (CNSX: PAF) New Director and Officer Appointments
Source: http://bit.ly/100fZMI VANCOUVER, BRITISH COLUMBIA, March 20, 2013 - Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) today announced that it has appointed two new Directors to its Board, and appointed one new Officer of the company. "I am delighted to welcome Ignacio Randle and Greg Reimer to Pan American’s Board of Directors, and am pleased to announce the Officer appointment of Sukhprit Sajan as Vice President - Finance,” said Randy Wright, Chairman, President and CEO of the Company. “As we continue to grow and expand our market share, our company will benefit from their depth of knowledge and diversity in experience.” Ignacio J Randle is a partner at the law firm Estudio Randle in Buenos Aires, Argentina, advising domestic and foreign clients in international business transactions, transnational investment, and M&A’s with emphasis in energy and natural resources projects. He is recognized throughout the world, as a leader in his field and his practice covers mining exploration, development and production; including title review, due diligence of permit, engineering, construction, operation, option, lease, royalty and purchase and joint-venture agreements, as well as mining-related compliance, litigation, tax, regulatory, private and public financing, employment, corporate, community and environmental health and safety matters. He received his law degree from the Catholic University of Argentina in 1986 and his Master in Laws (LLM) degree from the University of Chicago Law School in 1990. He practiced as a foreign attorney with Baker & Botts in Houston, Texas and Washington, DC, and with McDermott, Will & Emery in Chicago, Illinois. He has served as a Board Member for Oroplata S.A. (Goldcorp.) - June 2011 - December 2011; currently serves as Alternative board of director member of Goldcorp Exploraciones de Argentina S.A. - January 2012 to present; and serves as Trustee, Rocky Mountain Mineral Law Foundation - 2011 to Present. Gregory (Greg) Reimer served 26 years in the BC Public Service prior to being appointed Executive Vice-President of BC Hydro's Transmission & Distribution business group in June 2010. Mr. Reimer has extensive operational experience and demonstrated strong leadership. He is responsible for overseeing significant capital infrastructure initiatives that involve the expansion, upgrading and maintenance of the province's transmission and distribution systems. A Certified General Accountant by profession, Mr. Reimer held senior leadership positions in the public sector, including Deputy Minister of Provincial Revenue and, most recently, Deputy Minister of Energy, Mines and Petroleum Resources. In this role, he led the development of the 2007 BC Energy Plan and the 2010 Clean Energy Act. Sukhprit Sajan, CGA, has several years experience working in rapidly growing companies, and has conducted business throughout North and Central America, the Caribbean, United Kingdom and Europe. Over the course of his career Sukhprit has been retained in a variety of roles, undertaking a broad range of fiduciary and financial responsibilities, including: cash management and treasury functions, implementation of financial systems and controls, enhancement of policies and procedures, financial and management reporting, and team development. Pan American Board members are appointed, or re-elected, on an annual basis. At the recently held Annual General Meeting (AGM); Mr. Ignacio Randle, Mr. Greg Reimer, Mr. Ben Wendland, Mr. Kurt Loewen and Mr. Randy Wright were appointed to the Pan American Board of Directors. 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”) currently in Argentina. To ensure long term development and increase shareholder value, Pan American currently 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 neighbouring countries with Argentina. When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulphate mineral composed of calcium sulphate dihydrate 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 |
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VANCOUVER, BRITISH COLUMBIA, April 22, 2013 – Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) announced today that it has appointed Mr. Scott Walters as President of the Company, effective immediately. Randy Wright will remain Chairman of the Board and Chief Executive Officer.
On his appointment, Scott Walters stated, “I look forward to working with Randy and our team on growing revenue through continued sales growth and expanding distribution to our rapidly developing customer base in South America. We will continue our focus of delivering key agricultural products and leveraging our team’s operational expertise with the goal of providing shareholders increased value and profitability.” A financial executive, with over eighteen years international experience; creating, building and selling successful businesses in the financial and resource sector, Scott Walters has spent the majority of his career investing in and financing the natural resource space with a focus on gold, silver, uranium and agri-minerals. He is well versed in all types of investment banking transactions and over the last few years primarily focused on public and private equity and debt offerings; exclusive sale assignments, strategic advisory assignments, RTO’s and IPO’s. Investment targets have been in the Americas, Europe, Central Asia, Australasia and several African nations. Previously Managing Partner and Founder of several successful companies, Scott has extensive experience managing people and projects in the resource sector. "I am delighted to welcome Scott Walters to the Pan American team, and am pleased he will be undertaking the role of President,” said Randy Wright, Chairman and CEO of the Company. “Scott has been an active strategic advisor in the agri-consulting sector for many years and our Company can only benefit from his insight and expertise. I am confident that under his strategic guidance and leadership, Pan American will continue to grow its market share and is on the right path to becoming a major player in the fertilizer and industrial mineral market.” |
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