BluMont Augen General Partner 2007-1 Inc.

April 03, 2009 16:04 ET

BluMont Augen Limited Partnership 2007-1 Rollover

TORONTO, ONTARIO--(Marketwire - April 3, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE.

BluMont Augen General Partner 2007-1 Inc., the General Partner of the BluMont Augen Limited Partnership 2007-1 (the "Partnership"), a limited partnership that invests primarily in flow-through shares of Canadian resource companies involved in mineral exploration, announced that the Partnership, CUSIP # 09643T100, is proceeding with the transfer of the assets of the Partnership to BluMont Augen Resource Strategy Fund Class F ("BluMont Augen RS Fund"), a mutual fund corporation, on April 30, 2009 in exchange for redeemable mutual fund shares having equal value. The exchange ratio will be based on the respective net asset values of the Partnership and BluMont Augen RS Fund after the close of business on April 30, 2009.

Within 60 days of the anticipated transfer of assets, limited partners of the Partnership will become shareholders of BluMont Augen RS Fund on a tax-deferred rollover basis. The Partnership will be dissolved on or before December 31, 2009. The continuous offering memorandum of the BluMont Augen Resource Strategy Fund is available to the limited partners of the Partnership through their broker or by calling BluMont Capital at 866.476.7376.

Founded in 2000, BluMont Capital offers investment products designed to provide enhanced diversification and return potential outside of traditional equity and bond investments. BluMont Capital employs a national sales force and is dedicated to setting new standards in delivering alternative products and services to Canadian retail investors.

BluMont Capital is a wholly owned subsidiary of Toronto-based Integrated Asset Management Corp. (TSX:IAM), a leading Canadian alternative asset investment management company with approximately C$2.5 billion in assets and committed capital under management (www.iamgroup.ca).

This news release contains certain "forward-looking statements". The statements that are not historical facts contained in this press release are forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • BluMont Capital Corporation
    866.476.7376