TORONTO, ONTARIO--(Marketwired - Feb. 14, 2014) - Goodman & Company, Investment Counsel Inc. ("GCICI") is pleased to announce that CMP 2014 Resource Limited Partnership (the "Partnership") has completed the first closing of its initial public offering of limited partnership units (the "Units"). The Partnership sold 26,946 Units for gross proceeds of approximately $26.9 million. The Partnership is managed by GCICI.
The Partnership anticipates completing a second and final closing on or about March 14, 2014. Units of the Partnership are being offered in all provinces and territories in Canada at a price of $1,000 per Unit with a minimum subscription of $5,000 (5 Units).
The offering is being made through a syndicate of agents led by Scotiabank, CIBC and RBC Capital Markets and including National Bank Financial Inc., BMO Capital Markets, Dundee Securities Ltd., TD Securities Inc., Burgeonvest Bick Securities Limited, Canaccord Genuity Corp., Desjardins Securities Inc., GMP Securities L.P. and Raymond James Ltd.
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 one of the dealers noted above. Investors should read the prospectus before making an investment decision.
CMP™ is a pioneer in flow-through investing, with a history dating back to when flow-through shares were first introduced by the federal government. Since its creation in 1984, CMP has successfully raised and invested over $2.9 billion in companies active in exploration and development efforts across Canada. When combined with the flow-through limited partnerships of Canada Dominion, the two form the largest flow-through investing platform in Canada, raising a combined total of more than $4.2 billion in assets throughout their history.
GCICI is a wholly-owned subsidiary of Dundee Corporation and is led by Ned Goodman, CFA, utilizing a team of resource specialists.