TORONTO, ONTARIO--(Marketwired - Dec. 24, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Gravitas Financial Inc. ("Gravitas"), through its wholly-owned subsidiary Gravitas Select Flow-Through GP Inc. ("Gravitas GP Inc."), is pleased to announce that Gravitas Flow-Through Limited Partnership I ("Gravitas LP") closed on December 17, 2013 an offering of 101,500 limited partnership units ("LP Units") for total proceeds of C$1,015,000 (the "Offering"). Gravitas GP Inc. is the general partner of Gravitas LP.
The net proceeds of the Offering will be invested in the flow-through securities of companies involved in oil and gas and mineral exploration, development and production as well as the electrical and energy industries.
The LP Units were offered for sale in Canada through Portfolio Strategies Securities Inc., which acted as exclusive lead agent for the Offering, pursuant an offering memorandum dated October 30, 2013.The Offering was made pursuant to exemptions from registration and prospectus requirements contained in the securities regulations in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.
ABOUT GRAVITAS FINANCIAL INC.
Gravitas is a financial services, research and analytics company providing capital market services to private and public company clients. Through its portal www.smallcappower.com, it also provides information to corporate and individual investors. Gravitas conducts its operations from its head office in Toronto, Canada. Gravitas intends to utilize the public company platform and enhanced access to capital to grow its existing business and to provide new and enhanced products to its clients.