Stone 2012 Flow-Through Limited Partnership Raises $10.4 Million at First Closing of IPO
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 02/17/12 -- Stone 2012 Flow-Through GP Inc. is pleased to announce that it has completed its first closing of the initial public offering of Stone 2012 Flow-Through Limited Partnership (the "Partnership") raising gross proceeds of $10,417,900 representing 416,716 units of the Partnership, at $25 per Unit. The second closing of the offering is expected to be on or about March 30, 2012.
The Partnership will invest primarily in flow-through shares of resource issuers engaged in oil and gas and mineral exploration in Canada with a view to the preservation of capital and achieving capital appreciation of the Partnership's investments. Stone Asset Management Limited will act as portfolio manager to the Partnership and will, prior to December 31, 2012, endeavour to invest all proceeds available for investment primarily in flow-through shares of resource issuers that will agree to incur Canadian Exploration Expense ("CEE") in carrying out exploration in Canada and renounce CEE to the Partnership. Limited Partners with sufficient income may be entitled to claim certain deductions from income and non-refundable investment tax credits where available, for income tax purposes for the 2012 taxation year.
The offering is made by a syndicate of agents co-led by CIBC World Markets Inc. and National Bank Financial Inc., including Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., Macquarie Private Wealth Inc., GMP Securities L.P., Raymond James Ltd., Burgeonvest Bick Securities Limited, Industrial Alliance Securities Inc., Mackie Research Capital Corporation and Union Securities Ltd.
This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the agents listed above. Investors should read the prospectus before making an investment decision.
Contacts:
Stone Asset Management Limited
Tanya-Ann Monteiro
Assistant Vice-President, Internal Sales
416-607-7384
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Datum: 17.02.2012 - 10:55 Uhr
Sprache: Deutsch
News-ID 1084406
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