Accretive Flow-Through (2005) Limited Partnership

Accretive Flow-Through (2005) Limited Partnership

November 09, 2005 15:43 ET

Accretive Flow-Through (2005) Limited Partnership Announces Closing of Prospectus Offering for Gross Proceeds of $7,807,500.00

CALGARY, ALBERTA--(CCNMatthews - Nov. 9, 2005) - Accretive Flow-Through (2005) Limited Partnership ("Accretive LP") is pleased to announce that it has completed the final closing of its prospectus offering of limited partnership units with the issuance of 1,561,500 units consisting of 1,446,200 Class E Units which are intended to entitle the subscriber to an allocation of Canadian exploration expense, 1,000 Class D Units which are intended to entitle the subscriber to an allocation Canadian development expense and 114,300 Class C Units which are intended to have no allocation, all at an issue price of $5.00 per unit. The net proceeds of the offering are intended to be invested in shares of resource issuers engaged in oil and gas exploration or development or renewable energy development in Canada or that invest in securities of entities that engage in such activities.

Blackmont Capital Inc. acted as the lead agent on the offering.

Effective January 15, 2006, the three classes of units will be converted to a single class of limited partnership units. Accretive LP has conditional approval for the listing of the post conversion units on the TSX Venture Exchange, subject to satisfaction of all of its conditions.

Contact Information