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SOCO INVESTS IN SINNETT PORK FARM LTD.

Released on August 15, 1997

Agriculture and Food Minister Eric Upshall, on behalf of Economic and

Co-operative Development Minister Janice MacKinnon, also minister

responsible for the Saskatchewan Opportunities Corporation (SOCO),

participated today in the sod-turning for Sinnett Pork Farm Ltd., a

hog production operation at Leroy, Saskatchewan, and announced that

SOCO is making a $250,000 equity investment in the project.



"This investment reflects our government's commitment to the hog

industry," Upshall said. "It's an industry that adds value to our

agricultural products, creates jobs and helps diversify the economy of

rural Saskatchewan."



SOCO's investment in Sinnett will help support the construction of a

1,200-sow hog production facility which will be completed June 1,

1998. The project will create 50 construction and trade-related jobs

during the one-year construction period and 10 permanent, full-time

jobs when complete. The $7.43 million hog facility will produce

approximately 28,000 animals a year for the slaughter market when it

is completed.

SOCO is collaborating with several other investors on the

project. Majority ownership will be in the hands of the McGrath

family, who operate a 14,000-acre grain farm in the Leroy area.

Stomp Pork Farm Ltd., a hog industry management company, is being

retained under a long-term contract to build and operate the

facility. Stomp already operates three successful hog production

units in the area. The combined production from the four units

will exceed 100,000 pigs annually.



SOCO has a mandate to facilitate economic growth through

investment in viable businesses and in infrastructure which

supports the development of business. It has invested

$18.3 million in Saskatchewan businesses since its creation in

1994. Its investments have contributed to the creation of 377

full-time jobs, 49 part-time jobs and 412 temporary jobs, as well

as helping to maintain 440 jobs. It also owns and operates

Innovation Place, a world-recognized research and development

park in Saskatoon.



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For more information contact:



Jan Carter

Saskatchewan Opportunities Corporation

Regina

Phone: (306) 787-8576

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