Following the Agrium and PotashCorp merger of equals, Canpotex’s shareholders now consist of Mosaic and Nutrien. These two shareholders each have an equal ownership in Canpotex and equal representation on the Canpotex Board of Directors.
This change will have no impact on Canpotex’s business or operations. Canpotex’s experienced management team will continue, as it always has, to sell and deliver potash to customers in overseas markets with its world-class marketing and logistics expertise. Potash marketed and delivered overseas by Canpotex will continue to be sourced from potash-producing mines in Saskatchewan, Canada owned and operated by Mosaic and Nutrien.
Certain statements made in this update may constitute "forward-looking information" in Canada and "forward-looking statements" in the United States (collectively, "forward-looking information"). The projections, estimates and forecasts contained in such statements may necessarily involve a number of assumptions, and are subject to both known and unknown risks, uncertainties and other factors that may cause actual events, results, performance or achievements of Canpotex to be materially different from those expressed or implied by such forward-looking information.
Forward-looking information in this update includes, but is not limited to matters relating to:
the expected effect of the merger of Agrium and PotashCorp on the business and operations of Canpotex and Canpotex’s continuing operations and general business strategies and objectives.
The forward-looking information is based on a number of assumptions which may prove to be incorrect including, among other things: that management's experience in the potash industry enables it to estimate supply and demand of various products and commodities, and allows management to react appropriately to changes in the industry and operate Canpotex’s business effectively; Canpotex’s ability to access cost-effective financing when needed; absence of material litigation or labour disruptions; expectations related to future general economic conditions; and expectations concerning the future legislative and regulatory environment in which Canpotex will operate.
Forward-looking information involves a number of risks and uncertainties including, but not limited to:
competition in the potash industry; risks relating to the growth of Canpotex’s operations; risks related to the potash supplies of Canpotex’s shareholders/producers (or their affiliates); and risks related to the absence of growth in the potash market.
While the forward-looking information contained herein is believed to be accurate and reliable, it reflects current expectations regarding future events and operating performance and speaks only as of the date of this update. Neither Canpotex nor its affiliates, employees, officers, directors, agents or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of such information or of any other written or oral information communicated in connection with this update, and Canpotex, its affiliates, employees, officers, directors, agents and representatives expressly disclaim any responsibility or liability in connection therewith or arising therefrom. Except as required by law, Canpotex assumes no obligation to update or revise forward-looking information to reflect new events or circumstances. The forward-looking information is provided as an update on Canpotex’s shareholder composition and this information may not be appropriate for other purposes. The forward-looking information contained in these materials is expressly qualified by this cautionary statement.