DuSolo Sells 1,100 Tonnes of Direct Application Natural Fertilizer
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 21, 2015) - DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) ("DuSolo" or "the Company") is pleased to announce that it has sold 1,100 tonnes of Direct Application Natural Fertilizer ("DANF") product, at a grade of 15% P2O5. The sale price was BRL 253,000 or C$102,153 (as per the April 20, 2015 exchange rate). The Company has already received full payment.
"In the coming weeks, we anticipate an increase in orders for our fertilizer products. Brazil's rainy season is coming to an end, and the local farmers are preparing for a busy planting season," said Eran Friedlander, President and CEO of DuSolo. "Our DANF product offers high agronomic performance and is competitively priced, especially when compared to imported alternatives."
ABOUT DUSOLO
DuSolo Fertilizers Inc. (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) is a Canadian based, phosphate producer operating in the world's fastest growing agricultural district - the Brazilian Cerrado, where demand for fertilizers far exceeds domestic supply.
On behalf of the Board of Directors
DuSolo Fertilizers Inc.
Eran Friedlander, President and CEO
Forward-looking statements
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.
Disclosure
The Company is not basing its decision to begin production of DANF on a feasibility study of mineral reserves demonstrating economic and technical viability. Without a technical report demonstrating economic and technical viability, there is increased uncertainty as to whether DuSolo will be able to economically produce DANF products and as to whether DuSolo will be confronted with any unforeseen technical impediments. Similarly, the Company has not completed a preliminary economic assessment before making production and project expansion decisions.
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.
