Canexus Corporation
TSX : CUS

Canexus Corporation

December 17, 2013 08:48 ET

Canexus Starts Up Pipeline Connected Unit Train Expansion

CALGARY, ALBERTA--(Marketwired - Dec. 17, 2013) - Canexus Corporation (TSX:CUS) ("Canexus" or the "Corporation") today announced that it has commenced loading pipeline connected Access Western Blend (AWB) product into railcars in the initial phase of its pipeline connected unit train expansion at the Corporation's North American Terminal Operations at Bruderheim.

"This is a significant milestone in the ongoing development of our terminal operations at Bruderheim. Start-up activities are well underway and will continue through December, with the expectation of shipping the equivalent of four unit trains before year-end," said Gary Kubera, President and CEO. "The next staged expansion to further increase loading capacity is anticipated to be fully operational by mid-2014, to coincide with the completion of the second pipeline connection to the Cold Lake pipeline system," he added.

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 start-up activities of the pipeline connected unit train facility at the Bruderheim Terminal and unit train shipments therefrom, and the timing of the next staged expansion of the unit train facility. 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 Fund's Annual Information Form filed on the Fund'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.

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 and gas industry from its terminal at Bruderheim, Alberta. Canexus targets opportunities to maximize shareholder returns and delivers high-quality products to its customers. Canexus' common shares (CUS) and debentures (Series III - CUS.DB.A; Series IV - CUS.DB.B; Series V - CUS.DB.C) trade on the Toronto Stock Exchange. More information about Canexus is available at www.canexus.ca.

Contact Information

  • Canexus Corporation
    Gary Kubera
    President and CEO
    (403) 571-7300

    Canexus Corporation
    Richard McLellan
    CFO
    (403) 571-7300
    www.canexus.ca