Front Street Capital

Front Street Capital

March 25, 2009 16:01 ET

Front Street Raises Over $39,000,000 From Closings of Flow-Through Limited Partnership Units Offerings

TORONTO, ONTARIO--(Marketwire - March 25, 2009) -

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

Front Street Capital announced that it has completed a second closing of the Front Street Flow-Through 2009-I Limited Partnership units offering, raising an additional $9,378,700. In conjunction with the first closing of limited partnership units on February 26, 2009, a total of $39,575,050 has been raised 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 offerings were 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.

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