Input Capital Corp. Monthly Update - February 2014

REGINA, March 3, 2014 /CNW/ - Input Capital Corp. ("Input") (TSX Venture Exchange: INP) is releasing its monthly update for February 2014 summarizing canola deliveries and the acquisition of new multi-year canola streams.

Input sold 1,403 metric tonnes (MT) of canola in February, the highest monthly total since November 2013. This remains a slower pace than expected as a result of extreme delays in the grain handling and transportation system.

"We are happy to see canola deliveries and sales picking up, but the overloaded rail lines in western Canada continue cause delivery delays," said President and CEO Doug Emsley. "The positive news for Input is that we have delivery slots and we have locked-in prices for those deliveries; it's just a matter of timing. We have been and will continue to be diligent in working with the grain handling companies to ensure an appropriate schedule for our remaining deliveries. Our average realized price is well in excess of the current spot market and we expect to retain that price advantage over the remainder of our deliveries."

Canola Deliveries

Input expects to receive 18,297 base tonnes of canola from the 2013 growing season.

For the current fiscal year year-to-date:

		Base Tonnes Sold (MT)		% of 2013 Growing Season Base Tonnes (MT)		Average Realized Price ($/MT)		Bonus Tonnes Sold (MT)
FY2014		4,721		26%		$466		12

New Canola Streams

Input did not enter into new Streaming Contracts during February.

Gord Nystuen, Vice-President of Market Development added, "We are hearing good things at the kitchen table; our potential farmer partners like what we're offering, but some deals take longer than others. We are pleased with our existing pipeline of potential streaming deals and will continue to diligently invest our capital into the right farms and with the right partners."

As streaming contracts are finalized, they will be summarized in these monthly updates.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

About Input

Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. Input enters into multi-year canola Streaming Contracts with canola farmers in western Canada.  Pursuant to the Streaming Contract, Input purchases a fixed portion of the canola produced, at a fixed price, for the duration of the term of the contract.  Input is a non-operating farming company with a diversified portfolio of canola streams, all of which produce canola and revenue for Input within a year of being signed. Input plans to grow and diversify its low cost canola production profile through entering into additional canola Streaming Contracts with farmers across western Canada.

Input is focused on farmers with quality production profiles, excellent upside yield potential, and strong management teams. Input has completed canola Streaming Contracts in Northern Alberta, Western Saskatchewan and throughout Eastern Saskatchewan.

Forward Looking Statements

This release includes forward-looking statements regarding Input and its business. Such statements are based on the current expectations and views of future events of Input's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Input, including risks regarding the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of Input. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Input undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE: Input Capital Corp.

Doug Emsley
President & CEO
[phone]
[email protected]  

Brad Farquhar
Executive Vice-President & CFO
[phone]
[email protected]