On December 21, 2010, Assiniboia Farmland Limited Partnership (the "Partnership") completed a private placement offering of limited partnership units (the "Units"). The Partnership issued 341,358 Units at a price of $30.41 per Unit for total gross proceeds of $10,380,696.78.

GMP Securities L.P., as lead, and Canaccord Genuity Corp. acted as agents on the offering.

Assiniboia Farmland Limited Partnership is the largest farmland investment partnership in Canada and has almost 100,000 acres of Saskatchewan farmland under management.

The agents were advised in this transaction by Fasken Martineau with a team that included Georges Dubé, Martin Fisher-Haydis, Michael Shour and Kelly McTavish (corporate/securities) with the assistance of student-at-law Jeffrey Gebert.