Front Street Flow-Through 2011-I Limited Partnership

Front Street Flow-Through 2011-I Limited Partnership

February 16, 2011 12:48 ET

Front Street Raises $113 Million from First Closing of Flow-Through Limited Partnership Units Offering

TORONTO, ONTARIO--(Marketwire - Feb. 16, 2011) - Front Street Capital announced that it has completed the initial closing of the Front Street Flow-Through 2011-I Limited Partnership units offering, raising a total of $113,858,825 for investments in flow-through shares of Canadian resource companies and other permitted investments. Front Street focuses on companies engaged in oil and gas or mining exploration, development or production. Investors expect to receive tax deductions on the amount invested for the 2011 taxation year.

The offering was made through a syndicate of investment dealers, co-led by National Bank Financial Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc., which included BMO Nesbitt Burns Inc., TD Securities Inc., GMP Securities L.P., Scotia Capital Inc., Canaccord Genuity Corp., Macquarie Capital Markets Canada Ltd., Raymond James Ltd., Tuscarora Capital Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Sherbrooke Street Capital (SSC) Inc. and Wellington West Capital Markets Inc.

Front Street is also pleased to announce that there will be a second closing on March 10, 2011.

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