SOUTH WEST TERMINAL LTD. TO ACQUIRE CROP INPUTS RETAIL BUSINESS IN KYLE, SASKATCHEWAN
July 10, 2019 (Gull Lake, Saskatchewan) – South West Terminal Ltd (“SWT“) is pleased to be announcing today, that is has entered into an asset purchase agreement to acquire a crop inputs retail business located in the town of Kyle, Saskatchewan (the “Kyle Location“). This acquisition will build on the objectives in the current strategic plan of maximizing current capacity and expanding the SWT footprint. The Kyle Location boasts over 6,000 square feet of crop protection storage and over 2,000 metric tonnes of crop nutrient storage. Along with a strong customer base, employees and community, the Kyle Location will be a welcome complement to SWT’s existing business. The completion of the proposed acquisition by SWT of the Kyle Location is expected to occur on July 12, 2019, subject to closing conditions.
Certain information included in this press release is forward-looking, within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “plan”, “intend”, “forecast”, “future”, “guidance”, “may”, “predict”, “project”, “should”, “strategy”, “target”, “will” or similar words or phrases suggesting future outcomes or language suggesting an outlook.
The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by SWT. SWT believes the expectations and assumptions upon which the forward-looking information is based are reasonable. However, no assurance can be given that these assumptions and expectations will prove to be correct. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of SWT to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information.
The forward-looking statements contained in this press release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, SWT assumes no obligation to update or revise them to reflect new events or circumstances.
For further information, please contact:
Monty Reich, General Manager
South West Terminal Ltd.
Gull Lake, SK
Telephone: (306) 672-4112