July 23 (Reuters) - Phoscan Chemical Corp FOS.TO :
* Provides update on strategic review process and announces tsx delisting
review
* For the past few years the company has limited its expenditures on the
martison phosphate project due to market conditions
* Special committee engaged in strategic review, and has engaged cormark
securities inc. to act as the company's financial advisor
* Board deferred any decision concerning further activities martison phosphate
project while review process is ongoing
* Source text for Eikon ID:nMKWdm5DTa
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