Front Street Capital

Front Street Capital

February 26, 2009 17:13 ET

Front Street Raises Over $30,000,000 From First Closing of Flow-Through Limited Partnership Units Offering

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2009) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. WIRE SERVICES

Front Street Capital announced that it has completed a first closing of the Front Street Flow-Through 2009-I Limited Partnership units offering, raising a total of $30,196,350 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 2009 taxation year.

The offering was made through a syndicate of investment dealers, co-led by National Bank Financial Inc. and CIBC World Markets Inc., which included BMO Nesbitt Burns Inc., RBC Capital Markets, Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, Raymond James Ltd., Tuscarora Capital Inc., Blackmont Capital Inc., GMP Securities L.P., HSBC Securities (Canada) Inc., Richardson Partners Financial Ltd. and Wellington West Capital Markets Inc.

Contact Information