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THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./
REGINA, Oct. 25, 2013 /CNW/ - Input Capital Corp. ("Input") (TSX Venture Exchange: INP) is pleased to announce today the closing
of the over-allotment option (the "Over-Allotment Option") granted in connection with its previously announced bought deal
public offering (the "Public Offering") of Class A common voting shares of Input ("Common Shares"). Pursuant to the Public Offering, a syndicate of underwriters led by
GMP Securities L.P. and including Beacon Securities Limited, National
Bank Financial Inc., Acumen Capital Financial Partners Limited,
AltaCorp Capital Inc. and Cormark Securities Inc. (the "Underwriters") have exercised in full their Over-Allotment Option to purchase an
additional 1,746,608 Common Shares at a price of $1.60 per Common Share
for additional gross proceeds to Input of $2,794,572.80.
Input is also pleased to announce today the closing of the option (the "Private Placement Option") granted in connection with its recently completed private placement
(the "Private Placement") of Common Shares with two wholly-owned subsidiaries of Catlin Group
Limited (the "Strategic Investors"). The Strategic Investors have exercised in full its Private Placement
Option to purchase an additional 436,441 Common Shares at a price of
$1.60 per Common Share in order to maintain ownership of approximately
19.99% of the issued and outstanding Common Shares. Input received
additional gross proceeds of $698,305.60 from the exercise of the Private Placement Option. The Underwriters
acted as advisors to Input in connection with the exercise of the
Private Placement Option.
The aggregate gross proceeds of the Public Offering and the Private
Placement, including the exercises of the Over-Allotment Option and the
Private Placement Option, are $41,002,779.20.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction.
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933 (THE "1933 ACT") AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Input is an agriculture commodity streaming company with a focus on
canola, the largest and most profitable crop in Canadian agriculture.
Input enters into canola streaming contracts with canola farmers in
western Canada. Pursuant to the streaming contract, Input purchases a
fixed portion of the canola produced, at a fixed price, for the
duration of the term of the contract. Input is a non-operating farming
company with a portfolio of ten canola streams, all of which produce
canola and revenue for Input in the year the agreement is signed. Input
plans to grow and diversify its low cost canola production profile
through entering into additional canola streaming contracts with
farmers across western Canada.
Input is focused on farmers with quality production profiles, excellent
upside yield potential, and strong management teams. Input has
completed canola streaming contracts in Northern Alberta, Western
Saskatchewan and throughout East Central Saskatchewan.
Forward Looking Statements
This may release include forward-looking statements regarding Input and
its business. Such statements are based on the current expectations and
views of future events of Input's management. In some cases the
forward-looking statements can be identified by words or phrases such
as "may", "will", "expect", "plan", "anticipate", "intend",
"potential", "estimate", "believe" or the negative of these terms, or
other similar expressions intended to identify forward-looking
statements. The forward-looking events and circumstances discussed in
this release may not occur and could differ materially as a result of
known and unknown risk factors and uncertainties affecting Input,
including risks regarding the agricultural industry, economic factors
and the equity markets generally and many other factors beyond the
control of Input. No forward-looking statement can be guaranteed.
Forward-looking statements and information by their nature are based on
assumptions and involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statement or information. Accordingly, readers
should not place undue reliance on any forward-looking statements or
information. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they are
made and Input undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of new information,
future events, or otherwise.
SOURCE: Input Capital Corp.
For further information:
Chairman, President and Chief Executive Officer