Input Capital Corp. Monthly Update - October 2013

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[{"type":"text","content":"\n\n\n\nREGINA, Nov. 4, 2013 /CNW/ - Beginning with this update, Input Capital\n Corp. (\"Input\") (TSX Venture Exchange: INP) will publish a monthly update summarizing\n canola deliveries and the acquisition of new canola streams.\n\n\nIn 2013, Input acquired ten canola streams from which it expects to\n receive 17,152 base Metric Tonnes (\"tonnes\" or \"MT\") of canola from the\n recently completed harvest at an average price of $79.05 per tonne. As\n these tonnes are delivered to Input, Input sells them at market prices.\n Input's average realized price for the current year-to-date is $505 per\n tonne.\n\n\nInput is also eligible to purchase bonus tonnes from its farm partners\n when crop yields are above historical averages. Bonus tonnes consist of\n 15% of any yield over 30 bushels per acre, and are purchased for the\n same average price of $79.05 per tonne.\n\n\nCanola Deliveries\n\n\nFor the month of October 2013 and the fiscal year ending March 31, 2014:\n\n\nPeriod\n\n\nBase Tonnes Received(MT)\n\n\n% of Expected Base Tonnes(MT)\n\n\nAverage Realized Price($/MT)\n\n\nBonus Tonnes Purchased(MT)\n\n\nOct 2013\n\n\n700\n\n\n4.2%\n\n\n$505\n\n\n12\n\n\nFY2014\n\n\n700\n\n\n4.2%\n\n\n$505\n\n\n12\n\n\n\n\n\nWith the Prairie harvest complete, Input is currently in the process of\n confirming crop results in order to calculate bonus tonnes and finalize\n its delivery schedule to various grain elevators across Saskatchewan\n and Alberta. Input plans to receive the remainder of its canola\n deliveries and accompanying cash payments by March 31, 2014.\n\n\nNew Canola Streams\n\n\nInput is also entering the intensive capital deployment period of the\n year and is actively meeting with farmers across Western Canada to\n acquire additional canola streams. As new streaming contracts are\n finalized, they will be summarized in these monthly updates.\n\n\n\"We are looking forward to an exciting few months ahead as we anticipate\n the acquisition of new and accretive canola streams,\" said President\n and CEO Doug Emsley. \"Not only will we recognize this year's revenue\n over the next six months, but we are working hard to add new streaming\n contracts. The addition of new streams to our already low cost\n production profile will serve to increase our geographic\n diversification across the Prairies and position our business for\n cont...

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