Brazil Potash eyes fundraising round after US elections

Canada-based Brazil Potash has filed initial documents with US regulators ahead of a $50-million fund-raising round around November that would value the fertilizer venture at about $520 million, CEO Matt Simpson said on Monday.

Simpson said the company, part of a push to launch large-scale production that could make Brazil a major source of the fertilizer commodity, was also in talks with several large global producers on a potential takeover or investment.

If none of those talks come to fruition, he told Reuters that the company, which has already raised $198-million in capital, will proceed with a $4 per share offer that will take it through to a public listing in 12 to 18 months.