Capitalizing on Brazil’s Growing Demand for Fertilizer
DuSolo is becoming a leading domestic supplier of Phosphate Based Fertilizers in Brazil
Message: DuSolo Announces Board Appointment
VANCOUVER, BRITISH COLUMBIA--(Feb. 1, 2016) - DuSolo Fertilizers Inc. (TSX VENTURE:DSF) ("DuSolo" or "the Company") is pleased to announce that Giles Baynham, the Company's Chief Executive Officer ("CEO") has been appointed to the Board of Directors, effective from January 29, 2016.
"I'm pleased to join the board, and continue to serve the interests of our shareholders," said Giles Baynham, DuSolo CEO. "Work is underway in Brazil to prepare a Preliminary Economic Assessment for an acid granulated fertilizer product, which has significant potential as an additional product to the existing Direct Application Natural Fertilizer being produced by the Company. Work includes market studies by a leading Brazilian agricultural consultant, additional resource drilling and growth trials at the respected Uberlandia University."
DuSolo is also announcing the cancellation of 500,000 stock options that were granted to Darren Bowden (see October 5, 2015 press release). The cancellation of these stock options is in conjunction with his resignation as interim CEO of DuSolo.
On behalf of DuSolo Fertilizers Inc.
Giles Baynham, Chief Executive Officer
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
DuSolo Fertilizers Inc.
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