Brookshire Raw Materials Group Inc.

Brookshire Raw Materials Group Inc.

November 06, 2006 16:56 ET

Brookshire Raw Materials Group Inc. Launches Brookshire Raw Materials 'Canada' Fund

TORONTO, ONTARIO--(CCNMatthews - Nov. 6, 2006) - Brookshire Raw Materials Group Inc. ("Brookshire") announces the launch of the Brookshire Raw Materials (Canada) Fund (the "Fund"), an open-end trust managed by Brookshire. Units of the Fund ("Units") were offered for sale at a price of $10 per Unit until the initial closing of the Fund on Friday, November 3, 2006 for 212,498 Units, and will be available on a continuous basis hereafter at a purchase price equal to the applicable net asset value per Unit.

The investment objective of the Fund is to provide unitholders of the Fund with an opportunity for capital appreciation by investing in a portfolio of commodity futures and forward contracts designed to replicate, to the extent reasonably possible, the notional composition, weighting and methodology of the Brookshire™ International Raw Materials Index (the "Index") denominated in Canadian dollars. The Index was developed in March 2005 by Brookshire who owns and operates the Index.

The Index was developed to be a representative, balanced, basket of raw materials employed within the world economy and traded in developed markets as commodity futures and forward contracts, with their respective weightings based on the Index provider's determination of the relative importance of those commodities to the world economy. The 26 commodities that currently comprise the Index range from metals and minerals (such as gold, silver, aluminium and lead) and energy products (such as oil, gasoline and natural gas) to agricultural products (such as corn, cotton and wheat).

Brookshire also announces the appointment of Morley Salmon, Todd Monaghan and Gregory Beckett as the initial members of the Fund's independent review committee.

Mr. Salmon has more than 20 years experience in the investment industry, managing portfolios of high net worth individuals and corporations through trading in equities, financial futures, commodities, bonds and money market instruments with the firms of Burns Fry Ltd., McNeil Mantha Ltd. and Levesque Beaubien Geoffrion. He was a founding officer of ABN AMRO Capital Markets Canada Ltd. where he was responsible for institutional sales and trading at the firm, a subsidiary of ABN AMRO Bank NV. Mr. Salmon is currently President of CANUSA Capital Corp., a limited market dealer in the Province of Ontario.

Mr. Monaghan has over 20 years experience in the investment industry, with 15 years experience at senior levels, including at Scotia McLeod Inc. (formerly McLeod Young Weir) as Vice-President, Branch Manager and Registered Representative; at First Associates Investments Inc. as a partner, director, significant shareholder and Registered Representative and at Dominick and Dominick Securities Inc. Mr Monaghan is currently a founding member of Laurier Capital Limited.

Mr. Beckett has public company experience at the senior management level, and was a founding member of a limited market dealer in Ontario. In 2005, he founded Liberty Fund Management Inc., an investment fund management company. Mr. Beckett is also President of Richmond Club Corp., an investment media company. Mr. Beckett is also a founder and Executive Director of The Limited Market Dealers Association of Canada.

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