Itafos Announces Appointment of New Directors

Mar 04, 2020

TORONTO, March 04, 2020 (GLOBE NEWSWIRE) -- Itafos (TSX-V: IFOS) (the “Company”) announced today the appointment of Rory O’Neill and Ricardo De Armas to its Board of Directors. The Company’s principal shareholder, CL Fertilizers Holding LLC (“CLF”), designated Mr. O’Neill and Mr. De Armas as its nominees to the Company’s Board of Directors pursuant to the previously announced investor rights agreement entered into on December 31, 2019, between the Company and CLF. CLF is an investment entity of private funds managed by Castlelake, L.P. (“Castlelake”), a global private investment firm.

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