BTG Pactual Participations Ltd.

September 06, 2012 17:38 ET

BTG Pactual Participations Ltd.: Acquisition of Securities of MBAC Fertilizer Corp.

HAMILTON, BERMUDA--(Marketwire - Sept. 6, 2012) - BTG Pactual Participations Ltd. ("BTG"), Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda, announces that, pursuant to a public offering of MBAC Fertilizer Corp. (the "Corporation"), it has acquired beneficial ownership of and/or control or direction over 2,782,080 common shares (the "Acquired Shares") of the Corporation.

Prior to the acquisition of the Acquired Shares, BTG beneficially owned and/or exercised control or direction over 10,841,605 common shares of the Corporation (each, a "Common Share"), representing approximately 9.77% of the issued and outstanding Common Shares on an undiluted basis.

Following the acquisition of the Acquired Shares, BTG beneficially owns and/or exercises control or direction over 13,623,685 Common Shares, representing approximately 11.5 % of the issued and outstanding Common Shares on an undiluted basis.

The acquisition of the Acquired Shares was effected through an issuance from treasury and through the facilities of the Toronto Stock Exchange.

BTG paid CDN$2.70 per share in connection with the acquisition of the Acquired Shares.

The Acquired Shares were acquired for investment purposes. BTG may, in the future, increase or decrease its ownership of securities of the Corporation, directly or indirectly, from time to time depending on the business and prospects of the Corporation and future market conditions.

An early warning report (the "EWR") will be filed on SEDAR and will be available for review at www.sedar.com under the Corporation's profile. A copy of the EWR can be obtained from the contact below.

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