IQALUIT, Nunavut, Feb. 25, 2013 /CNW Telbec/ - Following their
announcement in April 2012, Mr. Harry Flaherty, President of
Qikiqtaaluk Corporation (QC), Mr. Patrick Tagoona, President and CEO of
Sakku Investments Corporation (Sakku), Mr. William (Bill) Lyall,
President of Nunavut Sealink and Supply Inc. (NSSI) and Arctic
Co-operatives Limited, are pleased to confirm that QC and Sakku have
effectively joined NSSI, as shareholders, by acquiring ownership
interest in the Iqaluit-based maritime carrier NSSI. Partners will
share benefits proportionate to their respective shares, starting 2012
season.
Also, as previously pointed out, the NSSI`s new Board of Directors is
now formed by the four partners, and the voting positions with this
leading Nunavut Carrier and service provider is also proportional to
its members` respective shares.
In a statement, Mr. Flaherty stresses that ''…this (partnership) subscribes in QC's focus on concluding new,
healthy and profitable partnerships within Nunavut, which will provide
employment opportunities, as these partnerships, continue to grow''. This statement concurs with a vision by Mr. Waguih Rayes, DTI's General
Manager, who is confident that ''…the new synergy that is henceforth created with the
participation of Sakku and QC, will enhance NSSI's involvement in
(local) capacity building and employment, and will help in bettering
the local management role and functions at NSSI`s offices in Iqaluit
and Rankin Inlet."
Nunavut is poised for rapid economic and employment growth due, in part,
to the remarkable potential for natural resources that the territory
holds. This fact is again reiterated by Mr. Tagoona, who contemplates
NSSI as another example of a partnership that "…will provide Sakku with an even better opportunity to share in the
wealth of our land".
The addition of QC and Sakku to the ownership group of NSSI was hailed
by Mr. Lyall when he said: "The existing partners of NSSI welcome Qikiqtaaluk Corporation and Sakku
Investments Corporation to the ownership group and are looking forward
to working co-operatively to develop our common business and social
interests. More than ever before, the "Common Sense" nature that forms
the foundation of the NSSI partnership is now evident.
About,
Nunavut Sealink and Supply Inc.(NSSI) is a proud leader in the Arctic Sealift industry, and a partnership
formed between Arctic Co-ops and Desgagnés Transarctik in 2000, to
provide quality services to Nunavut sealift users. Its modern fleet of
heavy-lift, large-tonnage vessels provides service to Nunavut
communities, government, individuals and businesses.
Arctic Co-operatives Limited (ACL) is a service federation owned by 31 independent member-owned
Cooperatives in Nunavut and the Northwest Territories. Co-operatives in
Nunavut represent the interests of thousands of local Inuit members and
provide an important source of income for hundreds of Nunavut families
through employment, purchase of arts and crafts, furs and other
economic activities.
Desgagnés Transarctik Inc. (DTI), a Subsidiary of 'Groupe Desgagnés', is a maritime shipping company with
vast expertise in Arctic Sealift operations. DTI deploys specialized
and dedicated human and material resources, to manage the Arctic
Resupply operations and related services. It provides modern
heavy-lift, ice-class cargo ships to support NSSI's growing cargo
volumes, and ensures a level of operational performance that meets or
exceeds its clients' expectation.
Qikiqtaaluk Corporation (QC) is a wholly Inuit owned birthright development corporation created by
the Baffin Region Inuit Association (now called the Qikiqtani Inuit
Association). QC's purpose is to provide direct employment and
financial opportunities for Inuit within and outside the Qikiqtani
region. QC aims to become a major contributor to all segments of the
Nunavut economy.
Sakku Investments Corp.(Sakku) is a for-profit organization owned by the Kivalliq Inuit Association
(KIA). Under the Nunavut Land Claim Agreement, KIA is a designated
Inuit organization with significant responsibilities for claim
implementation, with Sakku serving as its 'economic arm' and deemed an
Inuit Birthright Corporation. The Mission of Sakku is to build a viable
and healthy economy for the Inuit of the Kivalliq region.
PDF available at: http://stream1.newswire.ca/media/2013/02/25/20130225_C8246_DOC_EN_24045.pdf
SOURCE: Nunavut Sealink and Supply Inc. (NSSI)
