SOURCE: Canexus Corporation

Canexus Corporation

October 28, 2014 17:00 ET

Canexus Corporation Announces Change in Personnel

CALGARY, AB--(Marketwired - October 28, 2014) - Canexus Corporation (TSX: CUS) (the "Corporation" or "Canexus") today announced Andy Lacara, Senior Vice President of Operations, has decided to transition out of his role at Canexus to explore career opportunities in the United States. The Corporation has commenced a search for his replacement. To ensure a smooth transition, Mr. Lacara will remain with Canexus until December 31, 2014. 

"Under Andy's leadership, the Corporation's operational teams achieved a number of process improvements and key milestones. At our North American Terminal Operations we recently completed construction of the unit train facility within the last stated cost estimate and successfully commissioned and started operating this expanded facility," stated Doug Wonnacott, President and CEO. "On behalf of Canexus, I would like to thank Andy for his dedication and commitment and wish him well in his future endeavors," added Mr. Wonnacott.

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. 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

    Lavonne Zdunich, CA
    Investor Relations
    Canexus Corporation
    (403) 571-7356