MNP to assist in the design of ProjectN fertilizer sales and distribution system

SASKATOON, Feb. 28, 2013 /CNW/ - Farmers of North America Fertilizer Limited Partnership ("FNA FLP") announced today that the corporate consulting and accounting firm MNP LLP has been designated to study and assist in the design of the sales and distribution structure for the ProjectN nitrogen fertilizer plant.

MNP LLP has an active presence in agriculture with many farm clients, as well as being a major player in corporate research and business systems design. MNP LLP will also assist in the development of the supply agreements that will be provided to farmer-owners of the plant.

This announcement is the third in a series of disclosures by FNA FLP of major project developers for this initiative. BMO Capital Markets has been appointed as the capital development and business advisor, while Stantec Inc. has been appointed as the lead for financial modelling, engineering, and creation of the Bankable Feasibility Study.

Bob Friesen, FNA FLP spokesperson, called the MNP engagement a reaffirmation of the confidence farmers can have in the process of building a fertilizer facility.

"At every turn we have been able to bring the best talent in the world to this project," Friesen said.

"We are well along the project plan, exercising care, but moving at pace, so we not only get the plant built, but we get it built with the best minds, best designs and best economics for all business partners."

ProjectN is currently offering a Series 2 Seed Capital program that will provide an additional opportunity for farmers not yet part of the FNA membership to participate in FNA FLP and allow ProjectN to maximize plant capacity and create greater potential for returns to farmers.

Farmers of North America is a farmers' business alliance with the mission of "Improving Farm Profitability."
FNA Fertilizer Limited Partnership is a separate legal entity designed to align farmers together to build a fertilizer plant.

SOURCE: Farmers of North America Fertilizer Limited Partnership

Bob Friesen, FNA FLP Spokesperson & FNA VP Government Affairs | [phone] / [phone] | www.ProjectN.ca
Cathi O'Neill, FNA & FNA FLP Media Co-ordinator | [phone] | www.ProjectN.ca