TORONTO, ONTARIO--(Marketwired - Oct. 25, 2013) - Front Street Capital announced that it has completed the initial closing of the Front Street Flow-Through 2013-II Limited Partnership offering, raising a total of $14,298,150 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 2013 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 Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc., GMP Securities L.P., Canaccord Genuity Corp., Macquarie Capital Markets Canada Ltd., Raymond James Ltd., Desjardins Securities Inc., Laurentian Bank Securities, Inc., Manulife Securities Incorporated, Sherbrooke Street Capital (SSC) Inc. and Tuscarora Capital Inc.
Front Street is also pleased to announce that a second closing is expected to take place on November 15, 2013.
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 agents listed above. Investors should read the prospectus before making an investment decision.