Trinity Wood Capital Corporation

Trinity Wood Capital Corporation

December 07, 2009 12:44 ET

Trinity Wood Mining Fund Returns 103% After-Tax Return

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2009) - Trinity Wood Capital is pleased to announce that its 2008, Mining Flow-Through Fund rolled over into a resource class mutual fund on November 10, 2009 with a before-tax gain of 22.5% and an after-tax gain of 102.64% (Ont, Rates).

Trinity Wood's 2009 Mining Flow-Through Fund is still open for new investors but will be closing on December 18th, 2009. The fund will be positioned to take advantage of the recent rise in gold prices by allocating up to 85% of its portfolio to gold exploration companies.

Flow-through shares are an important part of the economies of rural communities as they promote mining and oil and gas exploration programs. They allow investors to write-off up to 100% of their investment and in some cases receive investment tax credits under a government assisted tax program.

The Federal Tax incentives that accompany Flow-through investments have allowed Canada to position itself as the world's leader in mineral exploration spending. Exploration spending in Canada has risen from approximately $300 million in the late 1990's to $2.6 billion in 2007. Grassroots exploration has been responsible for the discovery of significant mining camps such as gold at Hemlo, diamonds at Lac De Gras and Nickel/Copper at Voiseys Bay.

Contact Information

  • Trinity Wood Capital Corporation
    Nigel Nicholas
    Vice-President of Business Development
    416-214-2653 x226
    nnicholas@trinitywood.com