Director Appointment/Resignation
Perth, Feb 3, 2016 AEST (ABN Newswire) - Fertoz Ltd (
ASX:FTZ) today announces that Mr Alexandre Penha is resigning as an Alternate Director effective immediately. Mr Penha will continue to support the company on a consulting basis as the Vice President, Corporate Development. In this role, Mr Penha will assist the company as it focuses on developing near term projects, off-takes and on seeking newer long-term opportunities.
Stephen Keith, Managing Director, stated "On behalf of the board and shareholders I would like to thank Alex for his valued contributions as a director. I look forward to his continued support to promote the company's public profile and to assist the Company to commercialise its Wapiti and Fernie projects and off-take agreements, as well as with the review of new opportunities."
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.
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