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DuSolo completes US$2.5 million financing

Published by , Digital Assistant Editor
World Fertilizer,

DuSolo Fertilizers Inc. has closed the second and final tranche of its non-brokered private placement announced in May 2017, bringing the gross proceeds of the Private Placement to US$2.57 million.

"We are very encouraged by the strong support we received from our existing shareholders for this financing, for which we thank them," said Giles Baynham, Chief Executive Officer."DuSolo continues to increase its sales of phosphate Direct Application Natural Fertilizer, and develop new products for its customers".

The company will use the funds to continue development of new products including granulation of its existing DANF, exploration of the near-mine high grade mineralisation at the Santiago DANF Project and its medium grade Amaury concession, and working capital and general corporate costs.

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