Statement by MFC Industrial Ltd. Insider Purchases on Open Market
VANCOUVER, British Columbia, Dec. 12, 2011 /PRNewswire/ -- MFC Industrial Ltd. (NYSE: MIL), a global commodities supply chain management company, announced today a filing in Canada and available for inspection at www.sedar.com or www.sedi.ca, that details insider purchases of MIL shares on the open market by Chairman & CEO Michael Smith. There were two trades totaling 180,000 shares: 87,000 shares purchased at US$6.75 on November 23, 2011; and 93,000 shares purchased at US$6.67 on November 25, 2011.
The filings can be accessed at https://www.sedi.ca/sedi/SVTItdSelectInsider?locale=en_CA.
About MFC Industrial Ltd.
MFC Industrial Ltd. is a global commodities supply chain company that sources and delivers commodities and materials to clients all over the world, with a special expertise on the financing and risk management aspect of the business. The company was formerly known as Terra Nova Royalty Corporation; the change of name to MFC Industrial Ltd. and new trading symbol on the NYSE is "MIL" both became effective on September 30, 2011.
MFC Industrial Ltd. declared a $0.20 cash distribution for 2011. Dividend payments of $0.05 were paid in January, March, June and September.
As of June 30, 2011, MFC Industrial Ltd. had total assets of approximately $895 million, cash and cash equivalents of approximately $414 million and working capital of approximately $371 million. To obtain further information on the company, please visit our website at www.mfcindustrial.com.
SOURCE MFC Industrial Ltd.