Assiniboia Farmland Limited Partnership 3

Assiniboia Farmland Limited Partnership 3

August 09, 2007 14:07 ET

Assiniboia Farmland Limited Partnership 3 Files Preliminary Prospectus

REGINA, SASKATCHEWAN--(Marketwire - Aug. 9, 2007) - Assiniboia Farmland Limited Partnership 3 (the "Partnership") is pleased to announce that it has filed a preliminary prospectus with, and received a receipt therefore from, the securities regulatory authorities in each of the provinces and territories of Canada, other than Quebec, in connection with the initial public offering of its limited partnership units. The net proceeds of the offering, together with any borrowings by the Partnership, will be invested in 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 GP 3 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., Berkshire Securities Inc., Bieber Securities Inc., Canaccord Adams, Dundee Securities Corporation, MGI Securities Inc., Raymond James Inc. and Research Capital Corporation.

A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada, other than Quebec, but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory. A copy of the preliminary prospectus is available on SEDAR (www.sedar.com).

Contact Information

  • Assiniboia Farmland Limited Partnership 3
    Douglas Emsley
    President and Chief Executive Officer
    (306) 347-1024
    Email: demsley@farmlandinvestor.ca
    or
    Assiniboia Farmland Limited Partnership 3
    Bradley Farquhar
    Vice President
    (306) 347-7202
    Email: brad@farmlandinvestor.ca
    Website: www.farmlandinvestor.ca
    or
    Assiniboia Farmland Limited Partnership 3
    300, 1914 Hamilton Street
    Regina, Saskatchewan S4P 3N6