BluMont Augen General Partner 2008 Inc.

Blumont Augen Quebec General Partner 2008 Inc.

July 14, 2009 16:05 ET

BluMont Augen Limited Partnership 2008 and BluMont Augen Quebec Limited Partnership 2008 Rollovers

TORONTO, ONTARIO--(Marketwire - July 14, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE.

BluMont Augen General Partner 2008 Inc. and BluMont Augen Quebec General Partner 2008 Inc., the General Partners respectively of the BluMont Augen Limited Partnership 2008 and BluMont Augen Quebec Limited Partnership 2008 (the "Partnerships"), each a limited partnership that invests primarily in flow-through shares of Canadian resource companies involved in mineral exploration, announced that the Partnerships, CUSIPS # 09643X101 and 09643W103 respectively, are proceeding with the transfer of the assets of the Partnerships to BluMont Augen Resource Strategy Fund Inc. ("BluMont Augen RS Fund"), a mutual fund corporation, on or about August 14, 2009 in exchange for Class G and Class H redeemable mutual fund shares, respectively, having equal value. The exchange ratio will be based on the respective net asset values of the Partnerships and BluMont Augen RS Fund after the close of business on effective date of the transfer.

Limited Partners of the Partnerships will become shareholders of BluMont Augen RS Fund on a tax-deferred rollover basis and the Partnerships will be dissolved on or before the date that is 60 days following the effective date of the rollover. The continuous offering memorandum of the BluMont Augen RS Fund is available to the Limited Partners of the Partnerships through their investment advisor or by calling BluMont Capital at 866.473.7376.

Founded in 2000, BluMont Capital offers investment products designed to provide enhanced diversification and return potential outside of traditional equity and bond investments. BluMont Capital employs a national sales force and is dedicated to setting new standards in delivering alternative products and services to Canadian retail investors.

BluMont Capital is a wholly owned subsidiary of Toronto-based Integrated Asset Management Corp. (TSX:IAM), a leading Canadian alternative investment management company with approximately C$2.1 billion in assets and committed capital under management (www.iamgroup.ca).

This news release contains certain "forward-looking statements". The statements that are not historical facts contained in this press release are forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • BluMont Capital Corporation
    Operations
    866.473.7376