TORONTO, ONTARIO -- (Marketwire) -- 08/25/10 -- PhosCan Chemical Corp. (TSX: FOS) announces that it has mutually agreed with Cormark Securities Inc. that Cormark shall no longer be the Company's exclusive financial advisor with respect to its review of strategic alternatives and investment opportunities. PhosCan will instead engage financial advisors on an ad hoc basis depending upon the nature of a transaction under consideration. PhosCan's primary assets consist of approximately Cdn$68.0 million of cash, cash equivalents and short-term investments, and a 100% interest in the Martison phosphate project. The Company has previously announced that it has deferred certain aspects
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