Navina Capital Corp.

Navina Capital Corp.

August 20, 2009 11:33 ET

Navina Diversified Flow-Through Limited Partnership

TORONTO, ONTARIO--(Marketwire - Aug. 20, 2009) - Navina Capital Corp. is pleased to announce that a preliminary prospectus has been filed with the securities regulatory authorities in each of the Canadian provinces and territories except for Quebec for Navina Diversified Flow-Through Limited Partnership (the "Partnership"), a limited partnership created for the purpose of investing in flow-through shares ("Flow-Through Shares") of resource issuers engaged in oil and gas or mining exploration, development and/or production or certain renewable/alternative energy projects.

The Partnership's investment objectives are to achieve capital appreciation according to the investment strategies and to maximize the tax benefits received by investors.

To pursue its investment objectives, the Partnership will invest in Flow-Through Shares of resource companies engaged in oil and gas or mining exploration, development and/or production or certain energy production that may incur certain start-up phase costs of renewable/alternative energy projects. The allocation of the Partnership's investment portfolio will be determined based on the investment opportunities available at the time of investment. The Partnership will endeavour to invest the net proceeds of the offering on or before December 31, 2009.

The general partner of the Partnership is Navina Diversified Management Corp. (the "General Partner"). The General Partner will manage the business and ongoing affairs of the Partnership.

Lawrence Asset Management Inc. (the "Portfolio Advisor") has been retained by the General Partner to select potential investments, advise the Partnership and manage the Partnership's investment portfolio. Glenn MacNeill, Chief Investment Officer and Senior Portfolio Manager of the Portfolio Advisor, is the lead portfolio manager of the Portfolio Advisor who will be primarily responsible for the investment portfolio of the Partnership.

The offering is being made through a syndicate of agents led by CIBC World Markets Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. and that includes National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., GMP Securities L.P., Manulife Securities Incorporated, Canaccord Capital Corporation, Raymond James Ltd., Blackmont Capital Inc., Dundee Securities Corporation, Wellington West Capital Markets Inc., Haywood Securities Inc. and Research Capital Corporation.

SEDAR: 00028784E

Contact Information

  • Navina Capital Corp.
    Andrew Bentley
    Chief Executive Officer
    (416) 601-2430 or 1-800-513-3868