BMN.A

BEAUMONT SELECT CORPORATIONS INC. ("Beaumont") (TSX VENTURE:BMN.A) announced
that its subsidiary Naleway Foods Ltd. has had a temporary suspension of
production and sales due to an unexpected plant shut down required due to an
ammonia release its storage freezer. Beaumont has been advised by its insurer
that the matter is an insured event though full details of the losses have not
yet been determined and the application of certain property insurance limits is
still being reviewed.


Naleway currently anticipates returning to regular production operations in the
next week resulting in a potential three week loss of revenue; however Naleway's
business interruption insurance is expected to reduce most if not all of the
financial impact from the lost revenues. Naleway's customers have remained very
supportive and the scheduling of re-stocking orders is already in progress. 


Naleway was able to quickly identify the source of the problem and make
necessary repairs. There were no injuries from this event. A review of Naleway's
preventative maintenance and safety procedures, as well as Naleway's contingency
plans is also underway to reduce the likelihood of a recurrence and reduce the
potential down time for any such event.

(TSXV:BMN.A)
Historical Stock Chart
From Jun 2024 to Jul 2024

(TSXV:BMN.A)
Historical Stock Chart
From Jul 2023 to Jul 2024