March 27, 2014 17:28 ET
TORONTO, ONTARIO--(Marketwired - March 27, 2014) - Front Street Capital announced that it has completed a second closing of the Front Street Flow-Through 2014-I Limited Partnership offering (the "Offering"), raising an additional $10,855,825. In conjunction with the first closing of limited partnership units on February 7, 2014, a total of $25,528,450 was raised under the Offering 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.
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