TORONTO, Jan. 16, 2015 /CNW/ - 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.
SOURCE Ceres Global Ag Corp.