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.

April 01, 2005 15:41 ET

Qwest Energy 2005 Flow-Through Limited Partnership, Qwest Energy 2005 Financial Corp. and Knightswood Financial Corp. Announce 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.

APRIL 1, 2005 - 15:41 ET

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

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 1, 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
final closing of Partnership units and Financial Corp Bonds on April 1,
2005. The Partnership issued 76,671 Partnership Units for proceeds of
$7,667,100 and Financial Corp. sold 19,041 Bonds for proceeds of
$1,904,100. The total proceeds raised for this offering was $13,760,600.

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 Limited Partnership

by its General Partner, Qwest Energy 2005

Flow-Through Management Corp.

Maurice Levesque, Director

Qwest Energy 2005 Financial Corp.

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