Alliance Grain Traders Subsidiary Acquires Tradewind Commodities Ltd. for $2.9 Million
Date Posted: August 28, 2008
Toronto—Alliance Grain Traders Income Fund (the "Fund")
(TSX-V:AGT.UN) is pleased to announce that its operating company Alliance
Pulse Processors Inc. ("Alliance") has completed the acquisition of Tradewind
Commodities Ltd. ("Tradewind"), a pulse and special crops processor located in
Milestone, Saskatchewan.
Alliance acquired the land, buildings and equipment
assets of Tradewind for $2,900,000 paid in cash.
The transaction was
negotiated at arm's length.
The existing management of Tradewind will continue to manage the
day-to-day operations under the trade name Saskcan Milestone on behalf of
Alliance.
For more information, call 306-525-4490.
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