REGINA, Jan. 17, 2012 /CNW/ - Assiniboia Farmland Limited Partnership
(the "Partnership") is pleased to announce that it has completed the
second tranche of a private placement offering of limited partnership
units (the "Units") previously announced on December 16, 2011. In
total the Partnership issued 188,079 Units at a price of $41.00 per
Unit for gross proceeds of $7,711,239.
GMP Securities L.P., as lead agent, and Canaccord Genuity Corp. acted as
agents on the offering, which was carried out as a private placement
offering pursuant to the accredited investor exemption of National
Instrument 45-106 - Prospectus and Registration Exemptions.
The net proceeds of the offering, together with any borrowings by the
Partnership, will be used to continue to acquire a portfolio of
productive 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.
Assiniboia Farmland Limited Partnership is the largest farmland
investment partnership in Canada, with almost 110,000 acres of
Saskatchewan farmland under its 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 and the use of offering proceeds.
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
For further information: