Flaman Rentals Blog

Sask. grain handler cancels share buyback in dry spell

Posted by Flaman Agriculture Jul 17, 2015

CNS is reporting that  . . .

An independent grain terminal in parched northwestern Saskatchewan has called off a planned share repurchase, to conserve cash against a possible drop in its grain handle.

North West Terminal, which operates a grain terminal and ethanol plant just east of Unity, about 90 km southwest of North Battleford, said Thursday it won’t go ahead with the share buyback as announced in February.

The buyback plan had called for NWT to repurchase about $800,000 worth of Class A and Class B NWT shares from shareholders, who are mainly local farmers.

Full story at https://www.agcanada.com/daily/sask-grain-handler-cancels-share-buyback-in-dry-spell

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