Ceres Global Ag Corp. Announces Addition to Senior Management
Toronto, ON, January 16, 2015 – Ceres Global Ag Corp. (“Ceres” or the “Company”) (TSX: CRP) announced today that it has further strengthened its commercial team with the addition of Mr. Robert Day, who will assume the role of Vice President, Trading and Risk Management for Ceres’ grain division as of March 1st 2015.
Mr. Day’s experience stretches back over 20 years, with extensive international experience working with Cargill Inc. in grain and oilseed operations throughout Asia and in Mexico. Most recently, Mr. Day had been with ED&F Man Ltd., working in risk management and providing working capital financing opportunities for the sugar and grain industries in Mexico.
Concurrently with the addition of Mr. Day, Mr. Craig Reiners will now assume the role of Senior Vice President (“VP”) of Grain for the Company, overseeing Ceres’ grain operations.
Mr. Day will work alongside the Senior VP of Grain and CEO to develop commercial opportunities at Riverland Ag and Northgate, while also building out and managing Ceres’ grain trading team.
“The addition of Mr. Day to our team further strengthens Ceres’ capabilities,” stated CEO Patrick Bracken. “In our view Mr. Day’s extensive international experience in grain and oilseed operations, combined with his background in risk management, will serve the company well.”
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.
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