Fertoz Ltd: Announces Successful $4,300,000 Private Placement

Sydney - Fertoz Ltd. (ASX:FTZ) ("Fertoz" or the "Company") is pleased to announce that it has received commitments from sophisticated, professional and institutional investors to subscribe for 30,714,286 ordinary shares at A$0.14 per share, representing gross proceeds of $4,300,000 ("Placement"). Participating investors will be issued an attaching unlisted option ("Option") for every two shares issued with each option providing the option holder with the right to buy one ordinary share within a period of 24 months from the issue of the shares at an exercise price of $0.18 per share.

Highlights:

- Fertoz raises $4.3 million in a heavily oversubscribed placement at an issue price of A$0.14 per share

- Proceeds strengthen balance sheet as company develops its BC Phosphate Projects and focuses on accelerating sales of organic phosphate into the booming North American organic farming markets

The placement will be completed in two tranches:

- Tranche 1 $1,428,000 - 10,200,000 ordinary shares and 5,100,000 Options to be issued pursuant to the Company's capacity under Listing Rule 7.1 and 7.1A, and which are expected to be issued on 5 August 2016.

- Tranche 2 ~$2,872,000 - 20,514,286 ordinary shares and 10,257,143 Options will be issued subject to shareholder approval at an extraordinary general meeting ("EGM") to be scheduled for early September 2016. A notice of meeting will be sent to shareholders in due course.

Managing Director Stephen Keith commented: "We are very pleased with the outcome of this financing. We received significant demand from new investors as well as our existing shareholders. All our efforts are now focused on increasing sales of our high margin organic certified phosphate within the fast growing North American organic agriculture market. I would like to thank Blackwood Capital Limited and Novus Capital Limited for their hard work and support in assisting us with the placement. This placement allows us to execute on our key strategies of providing high quality organic phosphate, from several key asset locations, to nearby markets for use on a diverse range of organic crops. This will be a truly transformative year for Fertoz and the Board and Management would like to thank our investors for their continued support and confidence in the Company's strategy."

The Company intends to use the proceeds of the placement to accelerate sales to meet the 2016 target of 10,000 tonnes (2,000 tonnes contracted in Feb 2016) and to ramp up its sales and marketing efforts into 2017 within a rapidly growing North American organic agricultural market and for working capital purposes.


About Fertoz Ltd:

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.



Contact:

Stephen Keith, Managing Director
Fertoz Ltd.
M: +1-647-299-0046

James Chisholm, Non-Executive Chairman
Fertoz Ltd.
M: +61-419-256-690