REGINA, July 18 /CNW/ - Assiniboia Farmland Limited Partnership 4 (the
"Partnership") is pleased to announce that it has filed a final prospectus
with, and received a receipt therefrom, the securities regulatory authorities
of each of the provinces and territories of Canada, other than Quebec, in
connection with the initial public offering of class A units and class F units
of the Partnership. A copy of the final prospectus is available on SEDAR
The net proceeds of the offering, together with any borrowings by the
Partnership, will be invested in a portfolio of productive Saskatchewan
farmland properties that will be diversified by region, crop type, management
style and property size for the principal purpose of renting the properties to
farm operators through "cash rent", "variable cash rent" and "crop share"
arrangements. Closing is scheduled for August 13, 2008.
Assiniboia Farmland GP 4 Corp., a wholly-owned subsidiary of EAI
Agriculture Development Corporation ("ADC"), is the general partner of the
Partnership and is responsible for developing and implementing all aspects of
the Partnership's business strategy. ADC and its affiliates currently manage a
portfolio of Saskatchewan farmland.
The syndicate for the offering is co-led by CIBC World Markets Inc. and
RBC Capital Markets and includes Scotia Capital Inc., Richardson Partners
Financial Limited, Wellington West Capital Inc., Manulife Securities
Incorporated (formerly Berkshire Securities Inc.), Canaccord Adams, Dundee
Securities Corporation, Raymond James Ltd. and Research Capital Corporation.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the limited
partnership units in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
For further information:
For further information: Douglas Emsley, President and Chief Executive
Officer, (306) 347-1024, firstname.lastname@example.org; Brad Farquhar, Vice
President, (306) 347-7202, email@example.com; Web: