Front Street Capital

Front Street Capital
Front Street Flow-Through 2012-I Limited Partnership

Front Street Flow-Through 2012-I Limited Partnership

February 22, 2012 12:25 ET

Front Street Raises $74 Million From First Closing of Flow-Through Limited Partnership Units Offering

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2012) - Front Street Capital announced that it has completed the initial closing of the Front Street Flow-Through 2012-I Limited Partnership offering of National Class units and Québec Class units, raising a total of $74,611,650 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 2012 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., Manulife Securities Incorporated, Raymond James Ltd., Tuscarora Capital Inc., Desjardins Securities Inc., Dundee Securities Ltd. and Sherbrooke Street Capital (SSC) Inc.

Front Street is also pleased to announce that there will be a second closing on March 22, 2012.

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.

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