REGINA, SK, April 8, 2021 /CNW/ - Input Capital Corp.
("Input" or the "Company") (TSXV: INP) (US: INPCF) announces that
the Saskatchewan Court of Appeal
has ruled in Input's favour for a second time, overturning and
setting aside several aspects of a Saskatchewan Court of Queen's Bench decision
in 2018 related to a capital stream contract on which a farmer had
defaulted.
The Saskatchewan Court of
Appeal previously ruled in Input's favour on this case in
August 2019, after which the farmer
applied for leave to appeal to the Supreme Court of Canada. Having recently ruled on a case
referred to as Heller, which involved some similar legal
principles, the Supreme Court sent Input's case back to the
Saskatchewan Court of Appeal to
examine in light of the Supreme Court's ruling in the Heller
case.
With today's ruling, the Saskatchewan Court of Appeal has once again
validated Input's streaming contracts and related security as valid
and fair.
Doug Emsley, Input's President
and CEO, said: "We are very pleased with the decision of the
Saskatchewan Court of Appeal. We
always knew our streaming contracts and dealings were fair,
balanced, and reasonable, and this decision confirms that. This
decision removes a long-standing cloud of uncertainty for Input's
shareholders."
ABOUT INPUT
Input was founded as an agriculture commodity streaming company
providing several flexible and competitive forms of financing which
help western Canadian farmers solve working capital, mortgage
finance and canola marketing challenges and improve the financial
position of their farms. On February 1,
2021, Input acquired SRG Security Resource Group Inc. as a
platform for growth in the cyber and physical security business in
Canada. For more
information, please visit www.inputcapital.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
Forward Looking Statements
This release includes forward-looking statements regarding
Input and its business. Such statements are based on the current
expectations and views of future events of Input's management. In
some cases the forward-looking statements can be identified by
words or phrases such as "may", "will", "expect", "plan",
"anticipate", "intend", "potential", "estimate", "believe" or the
negative of these terms, or other similar expressions intended to
identify forward-looking statements. The forward-looking events and
circumstances discussed in this release may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting Input, including risks regarding the
agricultural industry, economic factors and the equity markets
generally and many other factors beyond the control of Input. No
forward-looking statement can be guaranteed. Forward-looking
statements and information by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statement or information.
Accordingly, readers should not place undue reliance on any
forward-looking statements or information. Except as required by
applicable securities laws, forward-looking statements speak only
as of the date on which they are made and Input undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
SOURCE Input Capital Corp.