MINNEAPOLIS, MINN., Nov. 21,
2022 /CNW/ - Ceres Global Ag Corp. (TSX: CRP)
("Ceres" or the "Corporation") announced today the results of its
annual meeting of shareholders held on November 14, 2022.
The nominees listed in the Management Information Circular ("the
Circular") dated October 25, 2022,
were elected as directors of the Corporation. All directors were
elected for another term.
The results of the vote are as follows:
Director
|
Votes
For1
|
Votes For
%
|
Votes
Against
|
Votes Against
%
|
Carlos Paz
|
4,871,914
|
63.04 %
|
2,856,175
|
36.96 %
|
Harvey Joel
|
7,681,489
|
99.40 %
|
46,600
|
0.60 %
|
Harold
Wolkin
|
4,769,764
|
61.72 %
|
2,958,325
|
38.28 %
|
James
Vanasek
|
4,785,964
|
61.93 %
|
2,942,125
|
38.07 %
|
David
Rotenberg
|
4,770,164
|
61.73 %
|
2,957,925
|
38.27 %
|
Thomas Coyle
|
7,699,889
|
99.64 %
|
28,200
|
0.36 %
|
1 Total
votes do not include the 12,835,970 shares held by VN Capital
which, through administrative error, were not
captured in vote totals at the meeting. While these votes did not
affect the outcome of any resolution at the meeting,
the total votes from VN Capital were 'For' the election of the
above-listed directors.
|
In addition, at the annual meeting of shareholders, the
shareholders of the Corporation:
- Appointed Baker Tilly WM LLP as the auditors of the Corporation
for the ensuing year
- Ratified the renewal of the stock option plan
The detailed voting results of the annual meeting of
shareholders will be available on www.sedar.com.
About Ceres Global Ag Corp.
Ceres and its subsidiaries add value across agricultural, energy
and industrial supply chains through efficient sourcing, storing,
transporting and marketing of high‐quality agricultural
commodities, value‐ added products and raw materials. Leveraging
its network of commodity logistics centers and team of industry
experts, Ceres connects farmers to customers around the world.
Ceres is headquartered in Minneapolis,
Minnesota, and together with its affiliated companies,
operates 12 locations across Saskatchewan, Manitoba, Ontario, and Minnesota. These facilities have an aggregate
grain and oilseed storage capacity of approximately 31 million
bushels.
Ceres has a 50% interest in Savage Riverport, LLC (a joint
venture with Consolidated Grain and Barge Co.), a 50% interest in
Berthold Farmers Elevator, LLC (a joint venture with The Berthold
Farmers Elevator Company), a 50% interest in Farmers Grain, LLC (a
joint venture with Farmer's Cooperative Grain and Seed
Association), a 50% interest in Gateway Energy Terminal (an
unincorporated joint venture with Steel Reef Infrastructure Corp.),
a 25% interest in Stewart Southern Railway Inc. (a short‐line
railway located in southeast Saskatchewan with a range of 130 kilometers),
and a 17% interest in Canterra Seed Holdings Ltd. (a Canada‐based
seed development company).
For more information about Ceres, please visit
www.ceresglobalagcorp.com
Cautionary Notice: This news release contains
"forward‐looking information" within the meaning of applicable
Canadian securities legislation and United States
securities laws. Forward‐looking information may include, but is not
limited to, statements regarding future operations and results,
anticipated business prospects and financial performance of Ceres
and its subsidiaries, including the plans, costs, timing and
capital for the further development of the Northgate Commodities
Logistics Centre, expectations or projections about the future,
strategies and goals for growth, expected and future cash
flows, costs, planned capital expenditures, the amount of
expected write-downs, regulatory change, general economic political
and market conditions anticipated capital projects, construction
and completion dates, operating and financial results, critical
accounting estimates, the expected financial and operational
consequences of future commitments. Generally,
forward‐looking information can be identified by the use of
forward‐looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate",
"believes", "may have implications" or variations of such words and
phrases or statements that certain actions, events or results
"may", "could", "would", "might", or "will be taken", "occur", or
"be achieved". Forward‐looking information is based on the opinions
and estimates of management at the date the information is made,
and is based on a number of assumptions and subject to a variety of
risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the
forward‐looking information. Key assumptions upon which such
forward‐looking information is based are listed in the
"Forward‐Looking Information" section of the MD&A for the
period ended June 30, 2022. Many such
assumptions are based on factors and events that are not within the
control of Ceres and there is no assurance they will prove to be
correct. Factors that could cause actual results to vary materially
from results anticipated by such forward‐looking information
include, among others, risks related to weather, politics and
governments, changes in environmental and other laws and
regulations, competitive factors in agricultural, food processing
and feed sectors, construction and completion of capital projects,
labour, equipment and material costs, access to capital markets,
interest and currency exchange rates, technological developments,
global and local economic conditions, the ability of Ceres to
successfully implement strategic initiatives and whether such
strategic initiatives will yield the expected benefits, the
operating performance of the Corporation's assets, the availability
and price of commodities and regulatory environment, processes and
decisions. Although Ceres has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward‐looking
information, there may be other factors that cause actions, events
or results that are not anticipated, estimated or intended. There
can be no assurance that forward‐looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such information. Ceres
undertakes no obligation to update forward‐ looking information if
circumstances or management's estimates or opinions should change,
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward‐looking
information.
SOURCE Ceres Global Ag Corp.