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 canola streams.
"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
| Average Realized
| 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.
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President & CEO
Executive Vice-President & CFO