Qwest Energy Investment Management Corp.

Qwest Energy Investment Management Corp.

June 14, 2007 16:50 ET

QE Funds Corp. Qwest Energy Canadian Resource Class Announces Potential Increase in Investments in Illiquid Assets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2007) - Qwest Energy Investment Management Corp. ("Qwest"), the manager of the Qwest Energy Canadian Resource Class (the "Fund") of QE Funds Corp., announced today that, subject to the approval of applicable securities regulators, the Fund may temporarily invest up to 25% of the net assets of the Fund in private companies and other illiquid assets acquired from limited partnerships organized by companies that are related to Qwest or former limited partners of such limited partnerships. The Fund will only purchase illiquid assets where an investment in the illiquid assets is consistent with the investment objectives and strategies of the Fund and where the investment may be made in compliance with applicable securities laws, including with the terms and conditions of any relief from the requirements of such laws granted by applicable securities regulators. As a result of the increase in the Fund's investment in illiquid assets, an investment in the Fund may be exposed to certain related risks. These risks will be described in the Simplified Prospectus for the Fund.

In addition, effective June 14, 2007, shares of the Fund are only available to certain limited partnerships and former limited partners of certain limited partnerships in exchange for assets which are suitable investments for the Fund. Shares are not available to any other investors.

About Qwest

Qwest is an investment management company focussed on identifying and delivering investment opportunities in the Canadian natural resource sector, and in particular, the oil and gas industry.

Contact Information

  • Qwest Energy Corp.
    Cindy Bower
    Manager, Business Development & Client Services
    (604) 602-1142 or 1-866-602-1142
    Email: cbower@qwestfunds.com