/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
REGINA, Jan. 2, 2014 /CNW/ - Alliance Grain Traders Inc. ("AGT" or the "Company") (TSX:AGT) and The Carme Trust (the "Selling Shareholder") announced today the completion of the sale of 1,870,000 common shares
(the "Common Shares") of the Company by the Selling Shareholder, which included the sale of
170,000 Common Shares pursuant to the full exercise of the
over-allotment option granted by the Selling Shareholder to the
Underwriters, for gross proceeds to the Selling Shareholder of
$28,050,000 (the "Offering"). The Company will not receive any proceeds from the Offering.
The previously announced Offering was completed on a bought deal basis
by an underwriting syndicate led by GMP Securities L.P. and including
Cormark Securities Inc., Canaccord Genuity Corp., CIBC World Markets
Inc., Scotia Capital Inc., AltaCorp Capital Inc., National Bank
Financial Inc. and Raymond James Ltd. (collectively, the "Underwriters").
After giving effect to the Offering, the Selling Shareholder's ownership
interest in the Company has been reduced from 5,182,601 Common Shares
(on a pre-Offering basis, equivalent to approximately 26.1% of the
issued and outstanding Common Shares on a non-diluted basis) to
3,312,601 Common Shares (equivalent to approximately 16.7% of the
issued and outstanding Common Shares on a non-diluted basis).
The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") and may not be offered or sold in the United States or to, or for the
account or benefit of, "U.S. persons" (as defined in Regulation S under
the 1933 Act) absent registration or an applicable exemption from
registration under the 1933 Act. This press release does not constitute
an offer to sell or a solicitation of an offer to buy any securities in
the United States or to, or for the account or benefit of, U.S.
About Alliance Grain Traders Inc.
AGT is a processor of value-added pulse, staple food and ingredients for
export and domestic markets, as well as a supplier of packaged and
canned foods to retail and food service sectors. Through its offices
and processing facilities located in some of the best agricultural
growing regions in Canada, the U.S., Turkey, China, Australia and South
Africa, merchandising and sales offices in the U.K., the Netherlands,
Spain and India and origination offices in Russia, AGT produces a full
range of pulses and specialty crops including lentils, peas, chickpeas,
beans and canary seed as well as food ingredients such as pulse flours,
proteins, starches and fibres. Through its subsidiaries in Turkey, the
Arbel Group, AGT also produces staple foods such as Arbella Pasta,
rice, and milled wheat products, including bulgur and semolina.
SOURCE: Alliance Grain Traders Inc.
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