SASKATOON, Feb. 28, 2013 /CNW/ - Farmers of North America Fertilizer
Limited Partnership ("FNA FLP") announced today that the corporate
consulting and accounting firm MNP LLP has been designated to study and
assist in the design of the sales and distribution structure for the
ProjectN nitrogen fertilizer plant.
MNP LLP has an active presence in agriculture with many farm clients, as
well as being a major player in corporate research and business systems
design. MNP LLP will also assist in the development of the supply
agreements that will be provided to farmer-owners of the plant.
This announcement is the third in a series of disclosures by FNA FLP of
major project developers for this initiative. BMO Capital Markets has
been appointed as the capital development and business advisor, while
Stantec Inc. has been appointed as the lead for financial modelling,
engineering, and creation of the Bankable Feasibility Study.
Bob Friesen, FNA FLP spokesperson, called the MNP engagement a
reaffirmation of the confidence farmers can have in the process of
building a fertilizer facility.
"At every turn we have been able to bring the best talent in the world
to this project," Friesen said.
"We are well along the project plan, exercising care, but moving at
pace, so we not only get the plant built, but we get it built with the
best minds, best designs and best economics for all business partners."
ProjectN is currently offering a Series 2 Seed Capital program that will
provide an additional opportunity for farmers not yet part of the FNA
membership to participate in FNA FLP and allow ProjectN to maximize
plant capacity and create greater potential for returns to farmers.
Farmers of North America is a farmers' business alliance with the
mission of "Improving Farm Profitability."
FNA Fertilizer Limited Partnership is a separate legal entity designed
to align farmers together to build a fertilizer plant.
SOURCE: Farmers of North America Fertilizer Limited Partnership
For further information:
Bob Friesen, FNA FLP Spokesperson & FNA VP Government Affairs | (613) 230-2222 / (613) 852-9711 | www.ProjectN.ca
Cathi O'Neill, FNA & FNA FLP Media Co-ordinator | (306) 665-4537 | www.ProjectN.ca