Slate Grocery REIT T.SGR

Primary Symbol: T.SGR.UN Alternate Symbol(s): SRRTF

Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties. The REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate infrastructure across United States metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, Hocking Valley Mall, North Lake Commons, Eastpointe Shopping Center, Flower Mound Crossing, North Augusta Plaza, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.

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Slate Grocery REIT

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Comment by Wolfhunter2on Mar 08, 2010 7:10pm

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Post# 16858250

RE: drills ( Onwers )

During the quarter, the Company purchased goods and services for the sum of $2,304,279 (September 30th, 2008 -

$2,188,934) and for the nine month period ended September 30th, 2009, the Company purchased goods and services

for the sum of $5,909,738 (September 30th, 2008 - $4,564,643) from Hugh Wynne, Wynne Mining Ltd., Wynne’s

Place Ltd., Hotel San Antonio, and Wynne Drilling Ltd., (corporations controlled by Hugh Wynne who is a director and

Chairman of the Company). These transactions were measured at the exchange amount, which is the amount of

consideration established and agreed to by the related parties. These services were expensed or capitalized in the

year, forming part of direct exploration expenses, general & administrative expenses, or operational expenses on the

Company’s statement of operations and deficit. The amounts due to (September 30th, 2008 – from) Hugh Wynne and

controlled corporations on September 30th, 2009 of $380,297 (September 30th, 2008 - $302,660) are included in the

accounts payable (September 30th, 2008 – accounts receivable) on the Company’s balance sheet. The $200,000

prepaid expense balance arises contractually as a retainer for ongoing services from Wynne Drilling Ltd. The

Company has obtained an independent third party fairness opinion with respect to the amounts charged for diamond

drilling.

Wynne Drilling

Gd, Bissett R0E 0J0, MB ( You shake my hand and i will shake yours )

p: 2042775220

Website - None Supplied
Board Members:of San Gold
Hugh Wynne, Richard A. Boulay, Dale Ginn, Ben Hubert, James W. McCutcheon, Michael E. Power, Courtney Shearer,