pcJ News Briefs – Zaff LLC (Zaff) has redeemed certain membership units from its members in exchange for delivery by Zaff of an aggregate of 15,986,493 shares of Itafos (TSX-V: IFOS) to such members.
Prior to the disposition, Zaff had direct or indirect ownership of or control over 65,868,991 shares of Itafos, representing approximately 83.04% of the issued and outstanding shares (on an undiluted basis) of Itafos.
Following the completion of the disposition, Zaff has direct or indirect ownership of or control over 49,882,498 shares of Itafos, representing approximately 62.89% of the issued and outstanding shares (on an undiluted basis) of Itafos.