SASKATOON, June 18, 2012 /CNW/ - Big Sky Finishers (No. 1) Inc. ("Big Sky Finishers" or the "Company") is pleased to announce that it has extended its contract finishing
agreement in place with Big Sky Farms Inc. ("Big Sky Farms").
The finishing agreement between Big Sky Finishers and Big Sky Farms has
been extended until December 31, 2015 and the base fee payable by Big
Sky Farms to Big Sky Finishers has been increased to $100,000 per month
effective April 1, 2012. The extension agreement also contains a
provision to increase this fee by 2% on an annual basis with the first
such increase to be implemented April 1, 2013 and annually thereafter
until the expiry of the agreement.
As discussed in the Company's Management Discussion and Analysis, Big
Sky Finishers owns no material assets other than two large-scale hog
finishing barns and related land, facilities and equipment (the "Project") located near Ogema, Saskatchewan, and carries on no material business
operations other than to finish hogs in the Project pursuant to the
finishing agreement. Substantially all of the revenues for Big Sky
Finishers come from this finishing agreement.
SOURCE Big Sky Finishers (No. 1) Inc.
For further information:
Big Sky Finishers (No. 1) Inc.
John Beckton, President
Tel: (306) 934-2727