CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

RE:Agreement?

[Kherson]

rookieman1962 wrote: Canexus Corporation Announces Expansion of North American Terminal Operations Capabilities to include Pipeline Connected Unit Train Operations22:34 EST Friday, December 07, 2012CALGARY, ALBERTA--(Marketwire - Dec. 7, 2012) - Canexus Corporation (TSX:CUS) (the "Corporation" or "Canexus") today announced Board of Director approval of the expansion of its North American Terminal Operations ("NATO") at Bruderheim, Alberta to include pipeline connected unit train operations. The Corporation also announced that formal agreement has been reached with MEG Energy Corp. ("MEG") to connect the Canexus Bruderheim terminal ("Bruderheim" or "Bruderheim terminal") with pipelines which interconnect with the MEG Energy Stonefell Terminal, and to provide terminalling services to MEG for the loading of bitumen blend for transport by rail and the receiving of diluent shipments by rail.In this next phase of NATO expansion, Canexus plans to connect the Bruderheim terminal by pipeline (24 inch bitumen blend line and 12 inch condensate line) to MEG's pipelines which interconnect with MEG's Stonefell Terminal, as well as potentially to a second pipeline connected facility located nearby. In addition, it plans to build out the rail infrastructure, loading/offloading and above ground tank storage required to allow for unit train movement of up to 118 tank cars (approximately 70,000 barrel movements) in single trains daily. 

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Rookieman1962, that is Canexus's interpretation of the agreement. It now looks like MEG has a different interpretation. If that agreement was indeed enforceable, a decision from the bench would have been made on Friday. From what has been posted, no decision has been made?
Kherson