Itafos Closes Private Placement with Stonegate Agricom Ltd.
ITAFOS CLOSES PRIVATE PLACEMENT WITH STONEGATE AGRICOM LTD.
TORONTO, ON – April 17, 2017 – Itafos (TSX VENTURE: IFOS) is pleased to announce that it has closed the
previously announced non-brokered private placement with Stonegate Agricom Ltd. (“ Stonegate”) pursuant to
which Itafos subscribed for an aggregate of 47,500,000 common shares of Stonegate (the “ Stonegate PP
Shares”) at a price of C$0.02 per Stonegate PP Share for an aggregate subscription amount of C$950,000.
About Itafos
Itafos (TSX VENTURE: IFOS) is focused on becoming a significant integrated producer of phosphate based
fertilizers and related produc ts. Itafos has an experienced team with si gnificant experience in the business of
fertilizer operations, management, marketing and finan ce. Itafos owns and operates the Itafos-Arraias SSP
Operations, which consists of an integrated fertilizer pr oducing facility comprised of a phosphate mine, a mill, a
beneficiation plant, a sulphuric acid plant, an SSP plant and a granulation plant and related infrastructure located
in central Brazil. Itafos’ exploration portfolio includes a number of additional projects in Brazil, including the
Santana Project, a high-grade phosphate deposit located in cl ose proximity to the largest fertilizer market of Mato
Grosso State and animal feed market of Pará State, and the Araxá Project, a high-grade rare earth elements,
niobium and phosphate deposit located in close proximity to two operating mines, therefore benefiting from
existing local infrastructure. In addition, Itafos owns an approximate 31.3% interest in GB Minerals Ltd. which
owns the Farim Project, a high-grade phosphate deposit located in Guinea Bissau and an approximate 35.4%
interest in Stonegate Agricom Ltd. which owns the Paris Hills Project, a high-grade phosphate deposit located in
Idaho, United States and the Mantaro Project, a high-grade phosphate deposit located in Peru.
Neither the TSXV nor its Regulation Se rvices Provider (as that term is defined in policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Itafos
Brian Zatarain, Chief Executive Officer
www.itafos.com
The Blueshirt Group
Gary Dvorchak, CFA
Managing Director
+1 (323) 240-5796