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Ag Growth Announces Third Quarter 2016 Results and Dividends; Announcement of Strategic Acquisition
Nov 10, 2016
MB, November 10, 2016 – Ag Growth International Inc. (TSX: AFN) (“AGI” or the
“Company”) today announced its financial results for the three and nine-month
periods ended September 30, 2016, and declared dividends for December 2016,
January 2017 and February 2017.
Agreement to Acquire Yargus Manufacturing, Inc.
AGI is pleased to announce it has entered into an agreement to acquire
100% of the outstanding shares of Yargus Manufacturing, Inc. (“Yargus”). Based
in Marshall, Illinois, Yargus is a manufacturer of material handling equipment
used primarily in commercial fertilizer applications. Yargus is recognized for
its custom design and manufacturing expertise, and its product offering, sold
under the brand name Layco, includes tower blender systems, batch blending
systems, control systems, in-plant receiving, automated coating systems, conditioners/delumpers,
performance mixers, declining weight/volumetric blend systems, and conveyor
MD&A and Financial Statements
AGI's financial statements and MD&A for the three and nine-month
periods ended September 30, 2016 can be obtained at http://media3.marketwire.com/docs/1076000P2.pdf
and will also be available electronically on SEDAR (www.sedar.com
) and on AGI's website (www.aggrowth.com
will hold a conference call on Thursday, November 10, 2016, at 8:00 a.m. EST to
discuss its results for the three and nine-month periods ended September 30,
2016. To participate in the conference call, please dial 1-866-696-5910 or for
local access dial 416-340-2217, and enter passcode 7816783. An audio replay of
the call will be available for seven days. To access the audio replay, please
dial 1-800-408-3053 or for local access dial 905-694-9451. Please quote
passcode 9524275 for the audio replay.
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