Viterra Inc.
TSX : VT
ASX : VTA

Viterra Inc.

September 14, 2009 09:00 ET

Viterra Subscription Receipts to Be Posted for Trading on the TSX Today

CALGARY, ALBERTA--(Marketwire - Sept. 14, 2009) -

NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. WIRE SERVICES

Viterra Inc. (TSX:VT) (ASX:VTA) is pleased to announce that the 56,250,000 subscription receipts that were issued by private placement on May 13, 2009 at $8.00 per subscription receipt will be listed and posted for trading on the Toronto Stock Exchange this morning. They will trade under the symbol "VT.R".

Each subscription receipt entitles the holder to receive, without payment of additional consideration, one common share of Viterra (Symbol: VT) upon the closing of the acquisition of ABB Grain Ltd. (the "Acquisition Closing").

If the Acquisition Closing does not occur by 8:00 a.m. (Toronto time) on November 30, 2009, or if the acquisition of ABB Grain Ltd. is terminated or otherwise not proceeded with (the date on which any such event occurs, the "Termination Date"), at 5:00 p.m. (Toronto time) on the third business day following the Termination Date, holders of Receipts will receive an amount in cash equal to $8.00 per Receipt together with their pro rata share of the interest (if any) earned on such amount (less applicable withholding tax, if any).

The Receipts will be listed and posted for trading until the earlier of the Acquisition Closing or the Termination Date.

The holders of Receipts are not shareholders of Viterra and will have no voting rights or any other shareholder rights.

Forward-Looking Information

This release contains forward looking statements that involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such statements. Important factors that could affect these statements include, without limitation, weather conditions; producer's decisions regarding total planted acreage, crop selection, and utilization levels of farm inputs such as fertilizers and pesticides; Canadian grain export levels; changes in government policy and transportation deregulation; world agricultural commodity prices and markets; changes in competitive forces including pricing pressures; and global political and economic conditions, including grain subsidy actions of the United States and European Union.

About Viterra

Viterra Inc. is Canada's leading agribusiness, with extensive operations and distribution capabilities across Western Canada, and with operations in the United States, Japan, Singapore and Geneva. The Company is diversified into sales and services of crop inputs and equipment, grain handling and marketing, livestock feed, agri-food processing and financial products. These operations are complemented by value-added businesses and strategic alliances, which allow Viterra to leverage its pivotal position between Prairie farmers and destination customers. The Company's common shares are listed on the Toronto Stock Exchange under the symbol VT.

Contact Information

  • Viterra Inc.
    Peter Flengeris
    Investor Relations and Corporate Affairs
    (306) 569-4810
    www.viterra.ca