/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
REGINA, Nov. 22, 2011 /CNW/ - Assiniboia Farmland Limited Partnership
(the "Partnership" or "Assiniboia Farmland") is pleased to announce it
has engaged GMP Securities L.P., as lead agent along with Canaccord
Genuity Corp., in connection with the offer and sale of up to
$20,000,000 of partnership units ("Units") at the price of $41.00 per
Unit, with a minimum subscription of $25,000. The Units will be offered
as a private placement offering pursuant to the accredited investor and
family, friends and business associates exemptions of National
Instrument 45-106 - Prospectus and Registration Exemptions.
"In a time of unstable markets and global risk, Saskatchewan farmland
offers a haven of safety and growth," said Doug Emsley, President of
the Partnership's general partner. "According to Farm Credit Canada,
Saskatchewan farmland values led the country in the first half of this
year, and the published pricing NAV of Assiniboia Farmland Units rose
by over 30%."
The proceeds of the offering will be used to continue to acquire
farmland in Saskatchewan and grow the Partnership's portfolio in a
manner consistent with its business plan. The offering is expected to
close on or about December 16, 2011.
Assiniboia Farmland Limited Partnership is the largest farmland
investment partnership in Canada, with approximately 110,000 acres of
Saskatchewan farmland under management. The Partnership is the only
Saskatchewan farmland partnership headquartered in Saskatchewan. Based
in Regina, the Partnership provides investors with an opportunity to
gain exposure to Saskatchewan farmland while providing stable
semi-annual cash distributions to investors.
Additional information about Assiniboia Farmland Limited Partnership is
available at www.sedar.com.
Forward Looking Information: This release contains forward-looking
information within the meaning of applicable Canadian securities
legislation, including statements respecting the completion of the
offering, the date of closing, the use of offering proceeds and the
payment of distributions. Forward-looking information involves known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those expressed or
implied by such forward-looking information. In addition, the
forward-looking information contained in this release is based upon
what management believes to be reasonable assumptions. Readers are
cautioned not to place undue reliance on forward-looking information as
it is inherently uncertain and no assurance can be given that the
expectations reflected in such information will prove to be correct.
The forward-looking information in this release is made as of the date
hereof and, except as required under applicable securities legislation,
the Partnership assumes no obligation to update or revise such
information to reflect new events or circumstances.
The securities of the Partnership have not been registered under the
United States Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This release
is issued for informational purposes only and does not constitute an
offer to sell or the solicitation of an offer to buy any securities,
nor shall there be any sale of any securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
SOURCE Assiniboia Farmland Limited Partnership 3
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