Front Street Capital

Front Street Capital
Front Street Flow-Through 2011-I Limited Partnership

Front Street Flow-Through 2011-I Limited Partnership

March 10, 2011 14:38 ET

Front Street Raises $129 Million From Closings of Flow-Through Limited Partnership Units Offering

TORONTO, ONTARIO--(Marketwire - March 10, 2011) -

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Front Street Capital announced that it has completed a second closing of the Front Street Flow-Through 2011-I Limited Partnership units offering, raising an additional $15,072,250. In conjunction with the first closing of limited partnership units on February 16, 2011, a total of $129,561,075 has been raised 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 Ltd., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Sherbrooke Street Capital (SSC) Inc. and Wellington West Capital Markets Inc.

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