Input Capital Corp. Receives First Canola Delivery

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[{"type":"text","content":"\n\n\nREGINA, Oct. 15, 2013 /CNW/ - Input Capital Corp. (\"Input\") (TSXV: INP) announces that it has taken delivery of canola from its\n first ever canola streaming contract.\n\n\nOn January 15, 2013, Input signed its first ever canola streaming\n contract (Contract SK-1) with a farmer in Central Saskatchewan. Under\n the terms of that contract, the farmer agreed to deliver specified\n numbers of tonnes of canola to Input over the next six years, including\n 700 base tonnes in 2013, plus bonus tonnes consisting of 15% of any\n yield over 30 bushels per acre.\n\n\nLast week, the farmer completed delivery of 712 tonnes of canola to a\n grain elevator at Raymore, Saskatchewan, and Input received payment of\n $359,862 from the elevator, for an average net price of $505 per tonne.\n\n\nOnce the final yield reconciliations are completed on this farm, the\n final number of bonus tonnes will be calculated and delivered to\n Input's account with the same grain company.\n\n\nPresident and CEO Doug Emsley said, \"Many investors have told us they\n want to see Input complete the circle and see capital deployed, turned\n into canola tonnes, and sold for cash. This first canola delivery\n completes that circle and demonstrates the strength of Input's\n proprietary agriculture streaming model.  Only 9 months after deploying\n the capital, Input is recognizing revenue and has been paid for the\n first deliveries under this contract.\"\n\n\nThis press release does not constitute an offer to sell or the\n solicitation of an offer to buy any securities in any jurisdiction.\n\n\nNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS\n THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS\n RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\nAbout Input\n\n\nInput is an agriculture commodity streaming company with a focus on\n canola, the largest and most profitable crop in Canadian agriculture.\n Input enters into canola streaming contracts with canola farmers in\n western Canada.  Pursuant to the streaming contract, Input purchases a\n fixed portion of the canola produced, at a fixed price, for the\n duration of the term of the contract.  Input is a non-operating farming\n company with a portfolio of ten canola streams, all of which produce\n canola and revenue for Input in the year the ...

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