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Press release from CNW Group

More than 11,700 acres of land to be sold at Ritchie Bros. unreserved auction in Oyen, Alberta

Tuesday, June 11, 2013

More than 11,700 acres of land to be sold at Ritchie Bros. unreserved auction in Oyen, Alberta

09:00 EDT Tuesday, June 11, 2013

Unreserved auction on June 15 in Oyen, AB features 75 quarters of real estate-one home quarter, 30 parcels of farmland, seven parcels of grazing lease-and a selection of farm equipment

OYEN, AB, June 11, 2013 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest auctioneer of farm, construction and other equipment, will sell 75 quarters of real estate—equalling more than 11,700 acres—at an unreserved public auction in Oyen, AB on June 15, 2013. All land will be sold to the highest bidders with no minimum bids or reserve prices. Bids can be made in person at the auction site, online at www.rbauction.com or by proxy.

"It's a rare opportunity for this quantity of farmland to be available, let alone all of it being sold in a single day," said Tyler Ruttan, Regional Sales Manager, Ritchie Bros. Auctioneers. "Another unique thing about this farmland sale is the close proximity of the quarters—there are two different blocks of land and the quarters in each block all sit beside each other. Nowadays, most farmers are working land spread out all over the place, but this sale offers buyers the opportunity to purchase multiple quarters located right next to each other. We will also be selling a good mix of grain handling and livestock equipment."

All farmland and equipment is being sold as part of a complete dispersal for the owners of Bale Cattle Co. Ltd., who are retiring after more than 35 years of farming and cattle ranching in southeastern Alberta.

The land will be sold as 36 separate lots of varying sizes. Complete details about all the farmland are available on the Ritchie Bros. website at: http://www.rbauction.com/heavy-equipment-auctions/real-estate/oyen-ab

Auction details:

  • Auction location: Oyen, AB; Directions: at Jct 41 & Hwy 9, go (1 mile) West, then (1.5 miles) North; GPS coordinates: 51.4091, -110.4857
  • Site phone: +1.800.491.4494
  • Date and time: Saturday, June 15, starting at 10 a.m.
  • Auction is open to the public; registration to bid is free; a refundable bid deposit may be required
  • How to register and bid:
  • In person at the auction site, starting on June 14
  • Online at rbauction.com - register in advance and bid online in real time on auction day; a refundable bid deposit may be required; first-time online bidders should register several days in advance of the auction
  • By proxy - phone the auction site to place a proxy bid

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOne TM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

ATTENTION MEDIA :
Photos and other media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE: Ritchie Bros. Auctioneers

For further information:

Ian Malinski, Corporate Communications Specialist, Ritchie Bros. Auctioneers
+1.778.331.5432 or CorpComm@rbauction.com

Or

Tyler Ruttan, Regional Sales Manager, Ritchie Bros. Auctioneers
Site telephone: +1.800.491.4494

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