Fertoz Limited (ASX:FTZ) Company Update Presentation
Perth, Australia (ABN Newswire) - Fertoz (ASX:FTZ) is pleased to release a further company update presentation (attached to this announcement) given the strong progress that was made by the FertAg JV during February, including the following highlights:- Signing of a National Supplier Agreement for FertAg's specialty phosphate products with a major Australian agribusiness
- Execution of a A$1m working capital facility with Moneytech Finance
- Ramp-up in FertAg imports for sale
- Introduction of a granular product, FertAg Granular 0-7-0, in response to customer feedback
- Introduction of a Shareholder Rewards Program
About the FertAg JV
FertAg is a joint venture with Vast Resources Pty Ltd ("Vast Resources") which has been established to import and market a proven specialty phosphate fertiliser into Australia and New Zealand. The JV is controlled by Fertoz through the trustee company Fertoz Agriculture Pty Ltd ("FertAg") which is owned 51% by Fertoz and 49% by Vast Resources. For full FertAg JV details and arrangements see ASX release dated 6 November 2014.
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-FTZ-845669.pdf
About Fertoz Limited:
Fertoz (ASX:FTZ) is an Australian-based phosphate exploration and development company with a range of projects in British Columbia, Canada as well as Queensland and the Northern Territory. The Company is focused on becoming a fertiliser producer as quickly as possible, initially focusing on the Canadian/USA markets.
Fertoz plans to develop its exploration assets in Canada in order to identify any potential Direct Shipping Ore (DSO) projects. It intends to seek joint venture partners to assist in funding the exploration projects in Australia.
Phosphate is a commodity necessary for feeding the world, and Fertoz is ready to capitalise on this growing demand.
Source:
Fertoz Ltd.
Contact:
Les Szonyi
Managing Director
Fertoz Ltd.
M: +61 418 158 185
Stuart Richardson
Chairman
Trustee for Fertoz Agriculture Trust
M: +61 414 485 577