12:34 PM EST - Alliance Grain Traders Inc. : announced that it has entered into a letter of intent to acquire all of the assets of Northern Yorke Processors, located at Kadina, South Australia. The assets to be acquired include real property, vertical and horizontal storage for pulses and grains, processing plant assets and related handling equipment. Kadina is located approximately 160 km from Adelaide, Australia. This LOI is in addition to the recent announcement of the LOI for the acquisition of Balco Grain Services that was announced August 30. The new company will be owned and operated by AGTI's wholly-owned subsidiary, Australia Milling Group Pty Ltd. Alliance Grain Traders Inc.
shares T.AGT are trading down $0.30 at $28.30.
