BofA update shows where active managers are putting money
HOUSTON - Phosphate and specialty fertilizer company Itafos Inc. (TSX-V: IFOS), whose stock has delivered a remarkable 95% return over the past year and is currently trading near its 52-week high of $1.94, announced Wednesday that shareholders approved all items of business at its annual general meeting.
Shareholders re-elected six incumbent directors: Anthony Cina, Ricardo De Armas, G. David Delaney, Ronald Wilkinson, Stephen Shapiro and Isaiah Toback. The appointment of PricewaterhouseCoopers LLP as the company’s auditor was also ratified.
Itafos operates two main phosphate fertilizer businesses: Conda in Idaho, which produces approximately 550,000 tonnes per year of various phosphate products and 27,000 tonnes of hydrofluorosilicic acid; and Arraias in Brazil, with capacity to produce 500,000 tonnes annually of single superphosphate and 40,000 tonnes of excess sulfuric acid.
The company also has two development projects: the Farim high-grade phosphate mine project in Guinea-Bissau and the Santana integrated phosphate mine and fertilizer plant project in Brazil.
Headquartered in Houston, Itafos trades on the TSX Venture Exchange. The company’s principal shareholder is CL Fertilizers Holding LLC, an affiliate of global private investment firm Castlelake, L.P.
This information is based on a press release statement from the company.
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