Qwest Energy 2006-II Flow-Through Limited Partnership

Qwest Energy 2006-II Flow-Through Limited Partnership

August 24, 2006 19:23 ET

Qwest Energy 2006-II Flow-Through Limited Partnership: $40 Million Preliminary Prospectus Filed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 24, 2006) - Qwest Energy is pleased to announce that it has filed a preliminary prospectus for the initial public offering of units of the Qwest Energy 2006-II Flow-Through Limited Partnership (the "Offering"). Available Funds from the $40 million Offering will be used to purchase flow-through shares of resource issuers. Investors in the Offering are expected to receive tax deductions equal to 100% of the amount invested for the 2006 tax year.

Agents for the Offering

Agents for the Offering are as follows: Dundee Securities Corporation, CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., Canaccord Capital Corporation, GMP Securities Ltd., Raymond James Ltd., Wellington West Capital Inc., Berkshire Securities Inc., HSBC Securities (Canada) Inc. and Bieber Securities Inc.

Offering Jurisdictions

The Offering is available in each of the provinces and territories of Canada.

A preliminary prospectus relating to the Offering has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. This news release shall not constitute an offer to sell or a solicitation to purchase, nor shall there be any sale or any acceptance of an offer to purchase units of the Offering in any province or territory of Canada prior to the receipt for the final prospectus or other authorization is obtained from a securities commission or similar authority.

About Qwest Energy

Qwest Energy is an investment management company focused 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
    (604) 689-8892 (FAX)
    cbower@qwestenergy.com