SOURCE: Canexus Corporation

Canexus Corporation

January 07, 2015 10:41 ET

Canexus Contracts Additional Unit Train Volume

CALGARY, AB--(Marketwired - January 07, 2015) - Canexus Corporation (TSX: CUS) (the "Corporation" or "Canexus") announces additional contracted unit train volumes at its North American Terminal Operations ("NATO") crude-by-rail facility.

"I am pleased to announce that Canexus has secured an additional unit train per week of volume at our NATO crude-by-rail facility at Bruderheim to commence mid-2015," stated Doug Wonnacott, President and CEO. "The contract term is for 28 months and contains take-or-pay provisions. The customer has the option to increase the volume commitment under the contract by a further half unit train per week commencing January 1, 2016 for the remainder of the term."

With this announcement, Canexus now has approximately 5.5 unit trains per week under contract (approximately 6.0 unit trains per week if the option is exercised).

About Canexus

Canexus produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries. Our four plants in Canada and two at one site in Brazil are reliable, low-cost, strategically located facilities that capitalize on competitive electricity costs and transportation infrastructure to minimize production and delivery costs. Canexus also provides fee-for-service hydrocarbon transloading services to the oil industry from its terminal at Bruderheim, Alberta. Canexus targets opportunities to maximize shareholder returns and delivers high-quality products to its customers and is committed to Responsible Care® through safe operating practices. Canexus common shares (CUS) and debentures (Series III - CUS.DB.A; Series IV - CUS.DB.B; Series V - CUS.DB.C; Series VI - CUS.DB.D) trade on the Toronto Stock Exchange. More information about Canexus is available at www.canexus.ca.

Forward-Looking Statements

This news release contains forward-looking statements and information relating to expected future events relating to Canexus and its subsidiaries, including with respect to the timing of commencement of incremental unit train volumes, the anticipated volumes thereof and the option to increase volume commitments thereunder. The use of the words "expects", "anticipates", "continue", "estimates", "projects", "should", "believe", "plans", "intends", "may", "will" or similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including market and general economic conditions, future costs, treatment under governmental regulatory, tax and environmental regimes and the other risks and uncertainties detailed under "Risk Factors" in the Corporation's Annual Information Form filed on the Corporation's SEDAR profile at www.sedar.com. Management believes the expectations reflected in these forward-looking statements are currently reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Due to the potential impact of these factors, Canexus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Contact Information

  • Further information:

    Richard McLellan, CA 
    Senior VP, Finance & CFO 
    Canexus Corporation 
    (403) 571-7300

    Robin Greschner, MBA
    Manager, Investor Relations
    Canexus Corporation
    (403) 571-7356