Itafos Announces Appointment of New Director
August 31 2021 - 7:00PM
Itafos Inc. (TSX-V: IFOS) (the “
Company”)
announced today the appointment of Elena Viyella de Paliza to its
Board of Directors.
Ms. Viyella de Paliza has over 30 years’
experience in the fertilizer, power and chemical sectors. Ms.
Viyella de Paliza is President and Chair of the boards of
InterQuimica, S.A., Monte Rio Power Corp. and Jaraba Import, S.A.
Earlier in her career, Ms. Viyella de Paliza held various positions
of increasing responsibility at Fertilizantes Santo Domingo S.A.,
InterQuimica, S.A. and Sacos Agroindustriales S.A. Ms. Viyella de
Paliza is a member of the Group of Fifty and has served on numerous
boards, including Potash Corporation of Saskatchewan Inc., the
Inter-American Dialogue, the Dominican National Agribusiness Board,
and several leading universities and non-profit organizations in
the Dominican Republic. Ms. Viyella de Paliza is a Chartered
Accountant and Chartered Professional Accountant. Ms. Viyella de
Paliza holds a Bachelor of Science in Accounting from Universidad
APEC.
“Elena is an accomplished executive and director
and we are thrilled to add an individual of her caliber and
experience to our team,” said Anthony Cina, Chairman of the
Company’s Board of Directors. “Elena will contribute valuable
perspective as we work to build on our momentum and pursue growth
opportunities and sustainability.”
About Itafos
The Company is a phosphate and specialty
fertilizer company. The Company’s businesses and projects are as
follows:
- Conda – a vertically integrated
phosphate fertilizer business with production capacity of
approximately 550kt per year of monoammonium phosphate (“MAP”), MAP
with micronutrients (“MAP+”), superphosphoric acid (“SPA”),
merchant grade phosphoric acid (“MGA”) and ammonium polyphosphate
(“APP”) located in Idaho, US;
- Arraias – a vertically integrated
phosphate fertilizer business with production capacity of
approximately 500kt per year of single superphosphate (“SSP”), SSP
with micronutrients (“SSP+”) and approximately 40kt per year of
excess sulfuric acid located in Tocantins, Brazil;
- Farim – a high-grade phosphate mine
project located in Farim, Guinea-Bissau;
- Santana – a vertically integrated
high-grade phosphate mine and fertilizer plant project located in
Pará, Brazil;
- Araxá – a vertically integrated
rare earth elements and niobium mine and extraction plant project
located in Minas Gerais, Brazil;
- Paris Hills – a phosphate mine
project located in Idaho, US (wind down in process); and
- Mantaro – a phosphate mine project
located in Junin, Peru (wind down in process).
The Company is a Delaware corporation that is headquartered in
Houston, TX. The Company’s shares trade on the TSX Venture Exchange
(“TSX-V”) under the ticker symbol “IFOS”. The Company’s principal
shareholder is CL Fertilizers Holding LLC (“CLF”). CLF is an
affiliate of Castlelake, L.P., a global private investment
firm.
For more information, or to join the Company’s mailing list to
receive notification of future news releases, please visit the
Company’s website at www.itafos.com.
Forward-Looking Information
Certain information contained in this news release constitutes
forward-looking information. All information other than information
of historical fact is forward-looking information. The use of any
of the words “intend”, “anticipate”, “plan”, “continue”,
“estimate”, “expect”, “may”, “will”, “project”, “should”, “would”,
“believe”, “predict” and “potential” and similar expressions are
intended to identify forward-looking information. This information
involves known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking information. No assurance
can be given that this information will prove to be correct and
such forward-looking information included in this news release
should not be unduly relied upon.
Forward-looking information is subject to a number of risks and
other factors that could cause actual results and events to vary
materially from that anticipated by such forward-looking
information. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. Factors that may cause actual
results to differ materially from expected results described in
forward-looking statements include, but are not limited to, those
risk factors set out in the Company’s management’s discussion and
analysis and other disclosure documents available under the
Company’s profile at www.sedar.com and on the Company’s website at
www.itafos.com. Readers are cautioned that the foregoing list of
risks, uncertainties and assumptions are not exhaustive. The
forward-looking information included in this news release is
expressly qualified by this cautionary statement and is made as of
the date of this news release. The Company undertakes no obligation
to publicly update or revise any forward-looking information except
as required by applicable securities laws.
NEITHER THE TSX-V NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX-V) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS
RELEASE.
For further information, please contact:
Itafos Investor Relationsinvestor@itafos.comwww.itafos.com
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