February 07, 2014 15:30 ET
TORONTO, ONTARIO--(Marketwired - Feb. 7, 2014) - Front Street Capital announced that it has completed the initial closing of the Front Street Flow-Through 2014-I Limited Partnership offering of FSFT 2014-I National CEE Class Limited Partnership Units, FSFT 2014-I National CDE Class Limited Partnership Units and Québec CEE Class Limited Partnership Units, raising a total of $14,672,625.00 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 2014 taxation year.
The offering was made through a syndicate of investment dealers, co-led by National Bank Financial Inc., CIBC World Markets Inc., RBC Dominion Securities Inc. and Scotia Capital Inc., which included BMO Nesbitt Burns Inc., TD Securities Inc., GMP Securities L.P., Canaccord Genuity Corp., 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 March 27, 2014.
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.
Front Street CapitalInvestor Relations1firstname.lastname@example.org
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