GreenStar Announces Updates on Cease Trade Order
June 24 2014 - 3:02PM
Marketwired
GreenStar Announces Updates on Cease Trade Order
TORONTO, ONTARIO--(Marketwired - Jun 24, 2014) - GreenStar
Agricultural Corporation (TSX-VENTURE:GRE) ("GreenStar" or the
"Company") reports that the Company has received a replacement
finance chop for its Chinese operating subsidiary. The Company is
in the process of appointing a new finance representative to
represent the Company's Chinese operating subsidiary at the banks
and tax bureaus located in the Peoples' Republic of China. The
Company will continue to provide updates regarding the completion
of its 2013 annual audit as it progresses.
About GreenStar
GreenStar operates two main divisions, agricultural and food
processing. The agricultural division is involved in the
cultivation and harvesting of agricultural products such as fresh
fruit and vegetables, for sale either directly as fresh fruit and
vegetables or canned, and sold overseas and domestically. The food
processing division is primarily involved in the processing of
canned food, which includes canned tomato paste, canned boiled
bamboo shoots, canned oranges, canned peaches and various other
types of fruits and vegetables.
GreenStar has been operating for over 19 years. Through the
application of science and technology in production, quality
control and assurance, and business operations and management,
GreenStar has focused on maintaining product and reputational
excellence with a high standard of food quality. Key assets include
modern production facilities and a close partnership with local
farmers.
GreenStar Agricultural Corp. is listed on the TSX Venture
Exchange under the symbol "GRE".
Neither the TSX Venture Exchange nor its Regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute
"forward looking" statements which involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward looking
statements. When used in this press release, such statements may
use such words as "may",
"will", "expect",
"believe", "plan" and other
similar terminology. These statements reflect management's current
expectations regarding future events and operating performance and
speak only as of the date of this press release. Forward looking
information in this press release includes, but is not limited to
but is not limited to, management's plan to appoint a new finance
representative and management's expectation to report on future
updates on the audit. Forward-looking information involves known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking information. The Company
believes the expectations reflected in the forward-looking
information are reasonable but no assurance can be given that these
expectations will prove to be correct and readers are cautioned not
to place undue reliance on forward-looking information contained in
this press release. Some of the risks and other factors which could
cause results to differ materially from those expressed in the
forward-looking information contained in this press release
include, but are not limited to: international, national and local
business and economic conditions; political or economic instability
in the Company's markets; competition; legislation and governmental
regulation; and accounting policies and practices. The foregoing
list of factors is not exhaustive. Please see the Company's annual
MD&A dated April 25, 2013, available on www.sedar.com, for a
more detailed description of the risk factors. The Company
undertakes no obligation to update publicly or revise any forward
looking information, whether a result of new information, future
results or otherwise, except as required by law.
GreenStar Agricultural CorporationRobert Macdonald(416) 849
3858robert.macdonald@greenstaragricultural.comwww.greenstaragricultural.comInvestor
Cubed Inc.(647) 258-3311, (888) 258-3323info@investor3.ca
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