Markland Street Asset Management Inc.

Markland Street Asset Management Inc.

March 28, 2006 14:07 ET

Markland Street Asset Management Inc.: Oil Sands Sector Fund Closes $30 Million Over-Allotment Option

TORONTO, ONTARIO--(CCNMatthews - March 28, 2006) - Markland Street Asset Management Inc. is pleased to announce that Oil Sands Sector Fund (TSX:OSF.UN) (the "Fund") has completed the issuance of an additional 3,000,000 units for total gross proceeds of $30 million. The issuance was pursuant to the exercise by the agents of their over-allotment option with respect to the Fund's recently completed initial public offering. Including the over-allotment, the total gross proceeds raised by the Fund is $430 million.

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

For further information please contact your financial advisor or visit our website at http://www.marklandstreet.com.

Contact Information

  • Markland Street Asset Management Inc.
    Media Inquiries: Sean Robitaille
    President & Chief Executive Officer
    (866) 412-9182
    www.marklandstreet.com