/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
REGINA, Dec. 6, 2012 /CNW/ - Input Capital Corp. (the "Company") is
pleased to announce that a private placement of shares has been
completed. The total gross proceeds are in excess of $24 million. The
offering had an initial goal of raising $20 million, but was
oversubscribed by approximately 20%.
GMP Securities L.P. led the sales as agent for the Company. Sellers
also included Canaccord Genuity Corp., AltaCorp Capital Inc., and CIBC
World Markets Inc. The offering was carried out as a private placement
offering pursuant to exemptions in National Instrument 45-106 - Prospectus and Registration Exemptions. All shares issued in connection with the offering are subject to a
four-month plus one day hold period.
"The proceeds of the offering will be used to fund canola streaming
contracts for farmers seeking capital. The Company will enter into
canola streaming contracts with western Canadian farmers, whereby we
make an upfront payment to farmers in exchange for the purchase of an
interest in the canola crop for a number of cropping seasons," said
Doug Emsley, President and CEO.
Input Capital Corp. is the world's only agricultural commodity streaming
company, which was recently spun out into a stand-alone company by
Assiniboia Capital Corp., a leading agriculture investment company
managing Assiniboia Farmland Limited Partnership, the largest farmland
investment fund in Canada.
Additional information about Input Capital Corp. is available at www.inputcapital.ca.
Forward Looking Information: This release contains forward-looking
information within the meaning of applicable Canadian securities
legislation, including statements respecting the completion of the
offering and the use of offering proceeds. Forward-looking information
involves known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those
expressed or implied by such forward-looking information. In addition,
the forward-looking information contained in this release is based upon
what management believes to be reasonable assumptions. Readers are
cautioned not to place undue reliance on forward-looking information as
it is inherently uncertain and no assurance can be given that the
expectations reflected in such information will prove to be correct.
The forward-looking information in this release is made as of the date
hereof and, except as required under applicable securities legislation,
the Company assumes no obligation to update or revise such information
to reflect new events or circumstances. The securities of the Company
have not been registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements. This release is issued for informational purposes only
and does not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of any
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
SOURCE: Input Capital Corp.
For further information:
Chairman, President & CEO
Exec VP & CFO