Mazarin Inc. and subsidiary Asbestos Corporation Limited announce an additional investment in KSM Inc.
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Friday, December 21, 2018
THETFORD MINES, QC, Dec. 21, 2018 /CNW Telbec/ -Mazarin Inc. (MAZ.H) and subsidiary Asbestos Corporation Limited (AB.H) announce that Asbestos Corporation has subscribed to additional shares of KSM Inc. as part of the latter's second financing round.
Key Points:
- THETFORD MINES, QC, Dec. 21, 2018 /CNW Telbec/ -Mazarin Inc. (MAZ.H) and subsidiary Asbestos Corporation Limited (AB.H) announce that Asbestos Corporation has subscribed to additional shares of KSM Inc. as part of the latter's second financing round.
- KSM Inc. is a privately-owned company based in Thetford Mines whose objective is to commercialize an innovative process for the production of fertilizers.
- The developed technology uses potash and sulfuric acid to produce potassium sulphate (SOP) and potassium and magnesium sulphate (SOPM), two high-end fertilizers.
- The financing round totalling $2.5 million initiated by KSM will allow it to build and operate a demonstration plant.