Mr. Stephen Ruffini reports

VILLAGE FARMS INTERNATIONAL EXTENDS ITS CANADIAN DEBT

Village Farms International Inc. has extended its fully drawn $41-million term loan to Oct. 31, 2013, from Oct. 31, 2011, and its current $12-million revolving facility (current balance is nil) to Oct. 31, 2011. A term loan extension fee of 50 basis points was paid at closing.

The company continues to have three fixed-for-floating interest rate swap agreements effective from Jan. 25, 2011, through Jan. 25, 2013, in the notional amount of $40.9-million in order to reduce the interest rate variability on its Canadian term loan. The company effectively fixed its interest rate on its Canadian term debt at 5.68 per cent, which is not altered by the extension.

We seek Safe Harbor.