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Press Releases 2005
January 10, 2005
Toronto, Ontario
DOMINION CITRUS SELLS STAKE IN HUMPTY DUMPTY
TORONTO, January 10, 2005: Dominion Citrus Limited (“Dominion Citrus”) announces that it has sold 700,000 shares of Humpty Dumpty Snack Foods Ltd. at $2.65 per share through the facilities of the Toronto Stock Exchange. Proceeds will be used to reduce debt and for general corporate purposes.
Dominion Citrus continues to hold approximately 171,000 shares of Humpty Dumpty. Dominion Citrus expects to record a loss of approximately $837,000 on its investment in Humpty Dumpty, which loss will be recorded in its 2004 annual statements.
Forward-Looking Statements
The Company and its representatives periodically make written and oral statements, including those contained in the Annual Report, which may pertain to the Company or the environment in which Dominion Citrus operates. By their nature, forward-looking statements are subject to risks and uncertainties, which could result in actual performance or conditions being materially different from anticipated results.
Readers should not place undue reliance on these forward-looking statements when making decisions, and should consider the date onto which the statements were made. Except as required by applicable security law, management disclaims any intention or obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
About Dominion
Dominion is a diversified food company supplying fresh produce, premium juices, maple syrup and Mediterranean food products to a wide variety of customers in retail, foodservice and food distribution businesses. The Company provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to over 400 customers, with its major domestic markets being Ontario and Quebec. The Company also supplies products to customers in the United States and Europe. The website can be accessed at www.dominioncitrus.com.
Investors:
E.A. Atkinson
V.P. Finance, CFO &
Corporate Secretary
416 521-6288
email: t.atkinson@dominioncitrus.com
Media:
J.L. Lavergne
President & CEO
416-521-6289
email: j.lavergne@dominioncitrus.com |