TORONTO, June 9, 2014 /CNW/ - Ceres Global Ag Corp. ("Ceres" or the
"Company") (TSX: CRP) today announced that directors Gary Selke,
Chairman, and Tom Muir resigned their seats on the Board of Directors
effective the close of business June 6, 2014. The Board has appointed
Douglas Speers as Chairman.
Concurrent with their departure, VN Capital, an investment advisory
entity controlled by Ceres board member James Vanasek, purchased all of
the Ceres shares owned and/or controlled by Messrs. Selke, Muir and
Detlefsen, being 1,054,162 common shares, at a price of $7.00 per
share, increasing VN Capital's ownership of Ceres to 16.1%.
About Ceres Global Ag Corp. (ceresglobalagcorp.com)
Ceres Global Ag Corp. is a Toronto‐based company focused on two primary
businesses: a Grain Storage, Handling and Merchandising unit, anchored
by its 100% ownership of Riverland Ag Corp., and a Commodity Logistics
unit, containing its 25% interest in Stewart Southern Railway Inc. and
its development of the Northgate, SK Commodity Logistics Centre.
Riverland Ag Corp. is a collection of nine (9) grain storage and
handling assets in Minnesota, New York, and Ontario having aggregate
storage capacity of approximately 48 million bushels. Riverland Ag also
manages two (2) facilities in Wyoming on behalf of its customer‐owner.
Stewart Southern Railway Inc. is a short-line railway with a range of
130 kilometres that operates in South‐eastern Saskatchewan. The
Northgate Commodity Logistics Centre is a proposed $90 million grain,
oil and oilfield supplies transloading site being developed in
conjunction with Riverland Ag and several potential energy company
partners, connected to BNSF Railway.
SOURCE: Ceres Global Ag Corp.
For further information:
(416) 815-0700 ext. 238