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Agtech Processors converts into income trust and lists on TSXV

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Agtech Income Fund

On March 22, 2005, Agtech Income Fund (the "Fund") announced that it had completed the acquisition of all of the issued and outstanding voting shares of Agtech Processors Inc. ("Agtech") and a $4.6 million 10.9% 15-year promissory note of Agtech. The Fund was formed for the purpose of converting Agtech into an income trust. The objective of the Fund is to earn interet and/or dividend income from Agtech and to make quarterly distributions of such income to its unitholders. To finance the acquisition, the Fund completed an initial public offering of one million units for gross proceeds of $5 million on March 17, 2005. The Fund was represented by Gary Fogler and Bozidar Crnatovic of Fasken Martineau.



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