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GrowMax resources announces 1Q17 results and new Director nominees

Published by , Editorial Assistant
World Fertilizer,

GrowMax Resources Corp has announced that it has filed its condensed interim consolidated financial statements and Interim MD&A - Quarterly Highlights relating to its first quarter 2017 results.

These filings can be accessed on SEDAR's website at and on the company's website at In addition, the company has announced further details regarding the extension and modification of its commitments related to the Bayovar Property in Peru, and details of the company's upcoming annual and special meeting of common shareholders, at which the company intends to propose two new directors for election, both with significant fertilizer industry experience.

Stephen Keith, President of GrowMax Resources, stated:

"We are pleased to report that in addition to progressing our potash and phosphate projects in Peru, we were able to limit spending in Q1/17 while monetising non-core available-for-sale financial assets, allowing us to increase our cash and equivalents on hand to approximately US$46.4 million as at 31 March, 2017. The company's strong working capital balance combined with the progress we continue to make on our core Peruvian fertilizer assets has helped us to attract strong new board members, which we believe further strengthens our positioning and ability to execute our strategy of becoming a leading producer of potash and phosphate fertilizer products in Peru."

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