Sulvaris Begins Construction of Vitasul Production Facility Near Strachan Alberta

Sulvaris Begins Construction of Vitasul Production Facility Near Strachan 
Alberta 
CALGARY, ALBERTA -- (Marketwired) -- 02/19/14 --   Sulvaris Inc.
today announced that it has received final regulatory approval from
Alberta Environment and Sustainable Resource Development ("AESRD")
and commenced construction of a new Vitasul production facility in
central Alberta.  
The new facility, which will be built on the site of Keyera Corp's
(TSX: KEY)(TSX: KEY.DB.A) ("Keyera") existing Strachan Gas Plant near
Rocky Mountain House, Alberta, will convert elemental sulphur into
Vitasul, a premium plant nutrient sulphur fertilizer. The facility
will be jointly owned between Keyera and Sulvaris, with Keyera as
operator. The product will be marketed and distributed by Sulvaris.
Upon completion, the new facility will have the capacity to produce
approximately 217,000 metric tonnes of Vitasul per year, which will
be sold into the Canadian, United States, and offshore markets. It is
expected that construction and commissioning of the facility will be
completed in the fourth quarter of 2014 with production and sales to
start immediately upon completion. 
Sulvaris' financing for the project closed in August, 2013 whereby
ATB Financial provided a senior construction term loan facility and
Avrio Capital provided a mezzanine loan facility. The remainder of
the proceeds were raised via private placement of shares of the
company. "We have assembled an excellent group of financial partners
and the company is excited to have moved into the construction phase
of our first Vitasul facility," said Sulvaris President, Bill
Boycott.  
About Sulvaris and Vitasul 
Researched and developed by Sulvaris, Vitasul is a proprietary,
high-analysis sulphur fertilizer that provides quick response and
consistent feeding of sulphate to crops in the season of application.
In four years of global field trials on a variety of crops in direct
comparison to existing sulphur fertilizers, Vitasul has shown
tremendous performance. The product has been extensively tested in
North America, China, and India on a variety of crops, including,
among others, canola, corn and wheat. It has consistently
out-performed other forms of sulphur fertilizer currently available
on the global market. Sulvaris is an innovative Calgary-based
organization that converts fundamental inputs into essential value
added products. The Sulvaris website at www.sulvaris.com provides
more details on the Vitasul technology and other innovative
conversion technologies currently in development at Sulvaris.  
About Keyera 
Keyera Corp. (TSX: KEY)(TSX: KEY.DB.A) operates one of the largest
natural gas midstream businesses in Canada. Its business consists of
natural gas gathering and processing as well as the processing,
transportation, storage and marketing of NGLs, the production of
iso-octane and crude oil midstream activities.  
About ATB Financial 
ATB Financial is the largest Alberta-based financial institution,
with assets of more than $33 billion. ATB provides personal,
business, agriculture, corporate and investor financial services to
more than 662,000 Albertans and Alberta-based businesses in 242
communities. ATB provides service through 171 branches and 130
agencies, mobile, telephone, and online banking, a Customer Care
Centre, and automated banking machines. ATB was established in 1938
and has been a provincial Crown corporation since 1997. ATB has won
numerous national workplace awards, including recognition as one of
Canada's best 50 employers. See more at: http://www.atb.com. 
About Avrio Capital 
Avrio Capital was established in 2006 to identify and invest in
innovative food and agriculture companies that provide solutions to
global challenges in the areas of health, wellness and
sustainability. Avrio is a hands-on investor who works alongside its
portfolio companies to provide the support and resources needed to
transform emerging companies into successful globally competitive
enterprises. Since 2002 the team has invested in more than 50
companies with operations ranging from crop inputs and food
production through to value added processes such as fermentation and
synthetic biology. The team's breadth and depth of experience in
operational, transactional and sectorial issues allows them to
maximize each portfolio company's opportunity for success.
www.avriocapital.com  
Disclaimer 
This document contains forward-looking statements based on
management's current expectations and assumptions relating to
Sulvaris and the joint venture between Sulvaris and Keyera, including
business, the environment in which they operate, anticipated future
operations, the performance of the facility, the performance and
marketability of Vitasul. As these forward-looking statements depend
upon future events, actual outcomes may differ materially depending
on factors such as: receipt of regulatory approvals necessary for the
construction and operation of the facility; future operating results
of the assets; the ability to execute strategic initiatives;
construction and input costs; weather conditions; construction
scheduling variables; international commodity supply/demand balances
and prices; activities of agricultural producers, consumers,
competitors, customers, business partners and others; overall
economic conditions; access to capital and financing alternatives;
operational risks; changes in sulphur and fertilizer markets; the
legislative, regulatory and tax environment; and other known or
unknown factors. There can be no assurance that the results or
developments anticipated will be realized or that they will have the
expected consequences for or effects described herein. 
Contacts:
Sulvaris Inc.
Randy Boomhour
CFO
587.390.0856
rboomhour@sulvaris.com
www.sulvaris.com
 
 
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