MINNEAPOLIS, Dec. 21, 2021 /CNW/ - Ceres Global Ag Corp. (TSX:
CRP) ("Ceres" or the "Corporation") a global agricultural, energy
and industrial products merchandising and supply chain company,
announced today that Gary W. Mize
has announced his retirement from the Board of Directors of the
Corporation (the "Board"), effective December 31, 2021, and that Harold Wolkin has agreed to rejoin the Board,
effective January 1, 2022.
"I would like to thank Gary for his stellar service to Ceres,"
said James Vanasek, Ceres' Chair of
the Board. "Gary has been instrumental in helping shepherd Ceres'
transition from a closed end mutual fund to the operating company
it is today, which has steadily grown its merchandising operations
into strong positions in the oats, durum and spring wheat markets,
and which has developed a unique group of assets, including its
Northgate, SK terminal. His experience and guidance has contributed
greatly to Ceres' success."
Mr. Wolkin is an accomplished investment banker and financial
analyst with over 40 years of experience. He retired in 2011 from
the position of Executive Vice President and Head of Investment
Banking with Dundee Capital Markets. Mr. Wolkin also served with
BMO Capital Markets for 25 years, holding the position of Managing
Director, Diversified Industries. Since 2011, Mr. Wolkin has
continued to serve as an independent director on a number of public
and private company boards, and non-for-profit organizations. He
was a past President of the CFA Society of Toronto, a member of the Chartered Financial
Analyst Institute since 1980 and is a Chartered Financial Analyst
(CFA). Mr. Wolkin received a Bachelor of Arts in Economics from
York University and a Masters of Arts
in Economics and Finance from the University
of Toronto. Mr. Wolkin is also a graduate and member of the
Institute of Corporate Directors.
"I am pleased to welcome Harold
Wolkin back to the Board," said Mr. Vanasek. "Harold served
on the Board from August, 2014 through May, 2016 and his prior
experience with Ceres and familiarity with many of its personnel
will enable him to add value right away. Harold brings extensive
capital markets experience, which will serve Ceres well as we
finalize financing for the previously-announced canola crush
facility at Northgate and continue to execute on our growth
strategy."
About Ceres Global Ag Corp. (ceresglobalagcorp.com)
Ceres and its subsidiaries ("Ceres") add value across
agricultural, energy and industrial supply chains through efficient
sourcing, storing, transporting and marketing of high-quality
agricultural commodities, value-added products and raw materials.
Leveraging its network of commodity logistics centers and team of
industry experts, Ceres connects farmers to customers around the
world.
Ceres is headquartered in Golden
Valley, Minnesota, and together with its affiliated
companies, operates 13 locations across Saskatchewan, Manitoba, Ontario, and Minnesota. These facilities have an aggregate
grain and oilseed storage capacity of approximately 31 million
bushels.
Ceres has a 50% interest in Savage Riverport, LLC (a joint
venture with Consolidated Grain and Barge Co.), a 50% interest in
Farmers Grain, LLC (a joint venture with Farmer's Cooperative Grain
and Seed Association), 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).
For more information about Ceres, please visit
www.ceresglobalagcorp.com.
SOURCE Ceres Global Ag Corp.