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Ranchers Choice to dissolve over funding failure
Ranchers Choice Beef Co op RCBC dissolves after failing to secure financing for an 80 000 head per year slaughter plant in Dauphin Manitoba. Shares worth 1 veck 5 million raised, 4 5 million provincial equity tied up, deposits non refundable, provincial investment not returned. Investors to get back class A shares while members lose 100 fees. Government remains open to future slaughter capacity.
MENTIONED IN THIS ARTICLE
Ranchers Choice Beef Co-op
RCBC
Coop
Dauphin
Rosann Wowchuk
Wowclhink