TORONTO, ONTARIO -- (Marketwired) -- 04/17/14 -- GreenStar Agricultural Corporation (TSX VENTURE: GRE) ("GreenStar" or the "Company"), a processer of agricultural products such as canned fruits and vegetables for distribution to international and domestic markets, today announced that after public float requirements were met and receipt of TSX Venture Exchange approval, 13,069,892 of the previously issued special warrants of the Company have been converted, in accordance with their terms, into an aggregate of 13,069,892 common shares of the Company. The special warrants were issued by GreenStar on May 31, 2011 upon completion of the Company's qualifying transaction. Each special warrant is convertible into one common share of GreenStar for no additional consideration upon the Company satisfying the public float requirement of the TSX Venture Exchange. Following the issuance of the common shares, there is an aggregate of 30,406,616 common shares outstanding.
GreenStar operates two main divisions, agricultural and food processing. The agricultural division is involved in the cultivation and harvesting of agricultural products such as fresh fruit and vegetables, for sale either directly as fresh fruit and vegetables or canned, and sold overseas and domestically. The food processing division is primarily involved in the processing of canned food, which includes canned tomato paste, canned boiled bamboo shoots, canned oranges, canned peaches and various other types of fruits and vegetables.
GreenStar has been operating for over 19 years. Through the application of science and technology in production, quality control and assurance, and business operations and management, GreenStar has focused on maintaining product and reputational excellence with a high standard of food quality. Key assets include a well established management team, modern production facilities, and a close partnership with local farmers.
GreenStar Agricultural Corp. is listed on the TSX Venture Exchange under the symbol "GRE".
Neither the TSX Venture Exchange nor its Regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.