Viterra Inc. announced that the C$450 million subscription receipt offering, announced on April 29, 2009, has closed successfully.

The transaction was underwritten by a syndicate let by TD Securities Inc. and Genuity Capital Markets, and that also included Macquarie Capital Markets Canada Ltd., Scotia Capital Inc., HSBC Securities (Canada) Inc., J.P. Morgan Securities Canada Inc., National Bank Financial Inc. and RBC Dominion Securities Inc.

The Offering will provide a portion of the funding that may be required should Viterra's proposed acquisition of shares of ABB Grain Ltd., via an Australian scheme of arrangement be completed.

If a definitive agreement is not entered into with ABB and publicly announced by June 30 and if the acquisition does not occur before November 30, holders will receive a refund of the purchase price.