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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Ceres Global Ag Corp.    CRP   CA1567701091

CERES GLOBAL AG CORP.

(CRP)
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Ceres Global : to Host its Q3 2020 Results Conference Call on May 29, 2020, and Announces Filing Extension of Interim Financial Results pursuant to CF Blanket Order

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05/08/2020 | 05:01pm EDT

MINNEAPOLIS, MN, May 8, 2020 /CNW/ - Ceres Global Ag Corp. (TSX: CRP) ("Ceres" or the "Company") announced that it will be reporting its fiscal third quarter 2020 financial results and completing the filing of its interim financial statements and related management discussion and analysis ("Required Interim Filings") on Thursday, May 28, 2020. In selecting this date, the Company has relied on an exemption adopted by the Ontario Securities Commission and provided in Ontario Instrument 51-502 entitled "Temporary Exemption from Certain Corporate Finance Requirements" ("CF Blanket Order"), which provides a 45-day filing extension for certain filings required to be made on or before June 1, 2020 as a result of the COVID-19 pandemic. In accordance with the CF Blanket Order, the Company's management and other insiders are subject to a trading black-out policy until the Required Interim Filings are completed.

Ceres will hold a conference call to discuss its third quarter 2020 financial and operational results on Friday, May 29, 2020 at 9:00 a.m. ET. Robert Day, Ceres' President and CEO, and Jay Bierley, Ceres'  CFO, will co-chair the conference call.

All interested parties can join the conference call by dialing 1-888-231-8191 or 647-427-7450, conference ID: 6529419. Please dial in 15 minutes before the call to secure a line. The conference call will be archived for replay until Friday, June 12, 2020 at midnight, ET. To access the archived conference call, please dial 1-855-859-2056 and enter the encore code 6529419.

A live audio webcast of the conference call will be available at: 

https://produceredition.webcasts.com/starthere.jsp?ei=1311742&tp_key=22c9f50026 

Please connect at least 15 minutes before the conference call to ensure adequate time for any software download that may be required to join the webcast. An archived replay of the webcast will be available for 90 days.

The Company confirms no other material business developments have occurred since February 12, 2020, the date of the Company's financial statements for the six-month period ended December 31, 2019, other than those which have been publicly disclosed via news release.

About Ceres Global Ag Corp. (ceresglobalagcorp.com)

Through its network of commodity logistics centers and team of industry experts, Ceres merchandizes high-quality North American agricultural commodities and value-added products and provides reliable supply chain logistics services to agricultural, energy and industrial customers worldwide.

Ceres is headquartered in Minneapolis, MN and together with its wholly-owned affiliates, operates 12 locations across Saskatchewan, Manitoba, Ontario, and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 30.8 million bushels.

Ceres also has a 50% interest in Savage Riverport, LLC, a joint venture with Consolidated Grain and Barge Co., 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.

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 the timing and completion of the Private Placement and the proposed use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects," "intends," "anticipates," "believes" or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would" or "might," "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. 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.

© Canada Newswire, source Canada Newswire English

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Financials (USD)
Sales 2019 438 M - -
Net income 2019 -16,9 M - -
Net Debt 2019 50,6 M - -
P/E ratio 2019 -6,56x
Yield 2019 -
Capitalization 70,6 M 70,6 M -
EV / Sales 2018 0,24x
EV / Sales 2019 0,31x
Nbr of Employees 132
Free-Float 99,4%
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Managers
NameTitle
Robert Day President, Chief Executive Officer & Director
Douglas E. Speers Chairman
Jay Bierley Chief Financial Officer
James Thomas Vanasek Director
Harvey T. Joel Independent Director
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