Meeting on Sat. Feb 24th at Big Spruce Brewery.

farmworks

PRESS RELEASE

For Release January 26, 2018

FarmWorks Investment Co-operative Limited

FarmWorks Seventh Offer Shares Available – Invest in Nova Scotia

FarmWorks Shareholders’ investments are supporting food-related businesses that improve economic and social outcomes across the Province. To date 351 shareholders have invested $1,874,600 and in less than six years 78 businesses across NS have received loans and mentoring and promotion of their businesses by FarmWorks. Funds from the Seventh Offer will be loaned to current and new applicants who meet FarmWorks criteria for sustainable, profitable businesses in Nova Scotia.   

FarmWorks Investment Co-operative Limited has opened the Seventh Offer of Shares in a Community Economic Development Investment Fund (CEDIF) to raise additional capital for loans to qualifying food-related enterprises. These businesses create jobs on farms and throughout the food system, stimulate the economy, increase food sufficiency and provide benefits for all Nova Scotians. Loans are repaid and the capital is loaned to new applicants.

From February 1st to February 28th, 2018, FarmWorks will be hosting Information Sessions across the Province for potential investors, and for food producers interested in applying for FarmWorks loans.

FarmWorks Share Offers, which require a Certificate of Registration under the Nova Scotia Equity Tax Credit Legislation and non-objection by the Nova Scotia Securities Commission, enable investors who meet the criteria set out in the Legislation to purchase shares in FarmWorks CEDIF and receive a personal 35% non-refundable Nova Scotia Equity Tax Credit. Investors may be eligible for further Tax Credits of 20% and 10% at the 5 and 10-year investment anniversaries if the CEDIF meets Nova Scotia Securities Commission conditions.

This Offer of shares (each $100) will be open until March 30th, 2018. Purchases before February 28th are eligible for the 2017 tax year and after February 28th for the 2018 tax year. Investments may be eligible for RRSP tax deferral when invested in FarmWorks through the Canadian Workers Cooperative Federation.

The Directors of FarmWorks and Advisors contribute knowledge of agriculture and food production, economic development, education, health, and business finance and funding to the Board and to Clients.

THIS CEDIF OFFERING MAY BE A HIGH-RISK INVESTMENT. THIS OFFERING IS MADE THROUGH AN OFFERING DOCUMENT, WHICH CAN BE OBTAINED FROM AN AUTHORIZED SALES AGENT, Linda Best, 902-542-3442lbest@ns.sympatico.ca. THIS OFFERING CONSTITUTES AN EXEMPT OFFERING OF THESE SECURITIES ONLY IN NOVA SCOTIA BY AUTHORIZED SALES AGENTS. INVESTORS SHOULD READ THE OFFERING DOCUMENT BEFORE MAKING AN INVESTMENT DECISION. This press release has been authorized by Andrew Meade, Chair and Linda Best, Director of FarmWorks Investment Co-operative Limited.

For more information about the offer and this press release contact:

Linda Best
FarmWorks Investment Co-operative Limited

70 Eden Row, Greenwich, NS, B4P 2R2

Phone: 902-542-3442 or 902-670-3660

lbest@ns.sympatico.ca