CWB Buys 10% of PWT
TORONTO - Jan 167/14 - SNS -- The Canadian Wheat Board (CWB) expanded its beneficial ownership of Saskatoon's Prairie West Terminal Ltd (PWT) by buying 2,394 Class C shares through a private agreement.
The represents roughly 10.02% of PWT's outstanding shares. As a result:
(i) CWB purchased and legally and beneficially owns and exercises control or direction over 2,394 PWT Shares, or approximately 10.02% of the issued and outstanding PWT Shares; and
(ii) CWB, through its wholly-owned subsidiary, Mission Terminal Inc. (which directly owns 500 PWT Shares), and which may be considered to be a joint actor of CWB, beneficially owns and exercises control and direction over an aggregate of 2,894 PWT Shares, or approximately 12.11% of the issued and outstanding PWT Shares.
To the knowledge of CWB, neither CWB nor any joint actor of CWB has beneficial ownership or exclusive or shared control over any other PWT Shares or securities convertible into PWT Shares.
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