Jan 15 (Reuters) - MBAC Fertilizer Corp MBC.TO :
* Provides update on its strategic review process
* Says agreed to further extend the letter of intent between the parties
* Loi between parties contains exclusivity clause and deadline for entering
definitive binding documentation, to January 22
* Says no assurance that the potential transaction will be successfully agreed
and concluded
* Source text for Eikon ID:nMKWmtZPKa