Brompton 2014 Flow-Through Limited Partnership



Brompton 2014 Flow-Through Limited Partnership

March 07, 2014 12:05 ET

Brompton 2014 Flow-Through Limited Partnership Announces First Closing and Schedules Second Closing

TORONTO, ONTARIO--(Marketwired - March 7, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Brompton Funds Limited (the "Manager") is pleased to announce the completion of the first closing of Brompton 2014 Flow-Through Limited Partnership (the "Partnership") of 303,361 units for gross proceeds of approximately $7.6 million. The Partnership anticipates completing a second closing on or about April 9, 2014.

The Partnership has been created to seek to achieve capital appreciation and to provide tax benefits to investors by investing in a portfolio of resource companies primarily engaged in the oil and gas and mining sectors. The Partnership will seek to achieve this objective by investing in flow-through shares of resource companies such that limited partners will be entitled to claim certain deductions from their taxable income. Investors are expected to receive tax deductions equal to 100% of the amount invested for the 2014 taxation year.

Brompton Funds Limited is the investment fund manager and portfolio manager of the Partnership. The portfolio management team is led by Laura Lau, an award winning portfolio manager with over 20 years of experience in financial services, who has a proven track record in managing flow-through funds and resource assets. The team also includes Michael Clare, an experienced energy and flow-through portfolio manager who specializes in the analysis of crude oil and natural gas markets.

The syndicate of agents for the offering is being led by RBC Capital Markets and CIBC and includes TD Securities Inc., BMO Capital Markets, GMP Securities L.P., National Bank Financial Inc., Scotiabank, Raymond James Ltd., Canaccord Genuity Corp., Burgeonvest Bick Securities Limited, Desjardins Securities Inc., Dundee Securities Ltd. and Mackie Research Capital Corporation.

About Brompton Funds

Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000, (toll-free at 1-866-642-6001) email info@bromptongroup.com or visit our website at www.bromptongroup.com.

This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from any of the above-mentioned agents. Investors should read the prospectus before making an investment decision.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Partnership's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Partnership, to the future outlook of the Partnership and anticipated events or results and may include statements regarding the future financial performance of the Partnership. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information for a variety of reasons. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

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