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Alliance Grain Traders buys out minority interest in Saskcan Horizon for US$1.4 million

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Alliance Grain Traders Income Fund

On September 30, 2008, Alliance Grain Traders Income Fund (TSX-V:AGT.UN) through its operating company Alliance Pulse Processors Inc., acquired 45% of the issued and outstanding shares of Saskcan Horizon Trading Inc., a pulse and special crops processor located in Aberdeen, Saskatchewan. Alliance already owned 55% of Saskcan Horizon prior to the transaction. The purchase price for the acquisition was $1,400,000, of which $359,996 was paid by the issuance of 27,047 units of the Fund at $13.31 per unit and the balance was paid in cash. As a result of the transaction Saskcan Horizon has become a wholly-owned subsidiary of Alliance. The Fund is an income trust which derives its income from the operations of its operating subsidiary, Alliance. Alliance is engaged in the business of sourcing and processing (cleaning, splitting, sorting and bagging) specialty crops, primarily for export markets. The Fund was advised in this transaction by a team from Fasken Martineau that included Gary Fogler and Bozidar Crnatovic.



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