TORONTO, May 12, 2015 /CNW/ - Ceres Global Ag Corp. ("Ceres" or the "Company") (TSX: CRP) announced today that it has expanded the breadth of its operations by opening a grain merchandising office in Guelph, ON. The new location will play a key role in extending the Company's trading and merchandising reach into Ontario and eastern Canadian markets.
Concurrently, Ceres has announced the addition of Mr. Dana Omland to its Trading and Risk Mangement Team. Mr. Omland will be based in Guelph, ON and has over 25 years of experience in the commodity and finance sectors, notably within the Ontario grains industry. Previously, Mr. Omland worked in grain merchandising for Lansing Canada as well as Ontario Wheat Producers' Marketing Board. Mr. Omland holds a BA in Economics from the University of Saskatchewan.
"The expansion of our merchandising presence in Ontario will contribute to enhancing the market opportunity for our western Canadian grain origination business," stated CEO Patrick Bracken. "Additionally, we view that this extended footprint will contribute to improving the utilization rates of our storage and terminal facilities at Port Colborne."
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 47 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 Commodities Logistics Centre is a proposed $96 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: For investor relations, please contact: Jennifer Wood, TMX Equicom, (416) 815-0700 ext. 226, [email protected]