REGINA, Jan. 6, 2014 /CNW/ - Input Capital Corp. ("Input") (TSX Venture
Exchange: INP) is releasing its monthly update for December 2013
summarizing canola deliveries and the acquisition of new multi-year
"The grain handling and transportation system in western Canada is
working through a record crop," said President and CEO Doug Emsley.
"The good news is that the grain companies and railroads are moving the
crop to port positions at a record pace to keep up with export demand
for our products. However, with so much product competing for railcars,
we are seeing delivery delays into the elevator system. While Input is
affected by these delays, our disciplined marketing plan has assured us
delivery slots and our canola will be brought in when called for."
For the current year to date:
Base Tonnes Sold
% of FY14
Bonus Tonnes Sold
New Canola Streams
Gord Nystuen, Vice-President Market Development, and Input's Business
Development team continue to meet with farmers across the prairies as
farmers begin plan for next year's growing season. As new streaming
contracts are finalized, they will be summarized in these monthly
updates. Input signed its first streaming contract in February of 2013.
Updated Corporate Website
Input has also updated its corporate website, which can be found at www.inputcapital.com. The new website features an updated Fact Sheet on the company.
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 multi-year 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 within a year of the agreement
being 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 release includes 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:
President & CEO
Executive Vice-President & CFO