Qwest Energy 2005 Flow-Through Limited Partnership

Qwest Energy 2005 Flow-Through Limited Partnership
Qwest Energy 2005 Financial Corp.

Qwest Energy 2005 Financial Corp.
Knightswood Financial Corp.

Knightswood Financial Corp.

February 28, 2005 17:58 ET

Qwest Energy 2005 Flow-Through Limited Partnership, Qwest Energy 2005 Financial Corp. and Knightswood Financial Corp.: Announces Initial Closing Results


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: QWEST ENERGY 2005 FLOW-THROUGH LIMITED PARTNERSHIP

AND QWEST ENERGY 2005 FINANCIAL CORP.

AND KNIGHTSWOOD FINANCIAL CORP.

FEBRUARY 28, 2005 - 17:58 ET

Qwest Energy 2005 Flow-Through Limited Partnership,
Qwest Energy 2005 Financial Corp. and Knightswood
Financial Corp.: Announces Initial Closing Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2005) - Qwest
Energy is pleased to announce that Qwest Energy 2005 Flow-Through
Limited Partnership and Qwest Energy 2005 Financial Corp.(i.e. Financial
Corp. is a subsidiary of Knightswood Financial Corp.) completed their
initial closing of Partnership units and Financial Corp Bonds on
February 25, 2005. The Partnership issued 60,935 Partnership Units for
proceeds of $6,093,500 and Financial Corp. sold 15,698 Bonds for
proceeds of $1,569,800.

Agents

Agents for the Offering are Dundee Securities Corporation, Canaccord
Capital Corporation, Berkshire Securities Inc., Raymond James Ltd.,
Wellington West Capital Inc., GMP Securities Ltd., Acumen Capital
Finance Partners Ltd., Bieber Securities Inc., First Associates
Investments Inc. and HSBC Securities (Canada) Inc.

Offering Jurisdictions

British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia,
New Brunswick, Prince Edward Island, Newfoundland and Labrador.

Qwest Energy is an oil and gas investment management company focused on
identifying and delivering Canadian oil and gas investment opportunities
to investors.



Qwest Energy 2005 Flow-Through Qwest Energy 2005 Financial Corp.
Limited Partnership
by its General Partner,
Qwest Energy 2005 Flow-Through
Management Corp.

Maurice Levesque, Director Hugh Cartwright, Director


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Qwest Energy Corp.
    Cindy Bower
    Manager, Business Development & Client Services
    (604) 602-1142 or 1-866-602-1142
    cbower@qwestenergy.com