VANCOUVER, Nov. 19, 2012 /CNW/ - Westshore Terminals Investment
Corporation (TSX: WTE.UN) (the "Corporation") is pleased to announce
today that Westshore Terminals Limited Partnership has reached an
agreement with Coal Valley Resources Inc. ("CVRI") to extend the
parties' current agreement (previously set to expire March 31, 2017)
for an additional five year term, and now set to expire March 31, 2022.
Under this extended contract, CVRI will ship coal volumes from its
export coal mines of up to 3 million tonnes per coal contract year
through Westshore.
Denis Horgan, General Manager of Westshore Terminals Limited Partnership
commented: "This agreement underscores the importance of the long term
CVRI-Westshore relationship and marks another important and positive
step between the two organizations for future."
The foregoing statements concerning tonnages, coal prices, loading
rates, taxation and variability of distributions are forward-looking
statements but reflect the current expectations of the Fund and
Westshore with respect to future events and performance. Wherever
used, the words ''may,'' ''will,'' ''anticipate,'' ''intend,''
''expect,'' ''plan,'' ''believe,'' and similar expressions identify
forward-looking statements.
Forward-looking statements should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether, or the times at which, such performance or
results will be achieved. Forward-looking statements are based on
information available at the time they are made, assumptions made by
management, and management's good faith belief with respect to future
events.
SOURCE: Westshore Terminals Investment Corporation