Qwest Energy 2009 Flow-Through Limited Partnership

Qwest Energy 2009 Flow-Through Limited Partnership

April 28, 2009 12:19 ET

Qwest Energy 2009 Flow-Through Limited Partnership Announces First Closing Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2009) - Qwest Investment Management Corp. is pleased to announce that Qwest Energy 2009 Flow-Through Limited Partnership (the "Partnership") completed the first closing of its public offering of Partnership Units on April 28, 2009. The Partnership issued 188,180 Units at $25.00 for total gross proceeds of $4,704,500. Qwest expects the Partnership's investors will receive a tax deduction of 100% for the 2009 taxation year on the amount of their investment in the Partnership. The order book for the Partnership will be re-opened Thursday, April 30, 2009 and a second closing will occur May 28, 2009.

Investment Objective

The Partnership's investment objective is to provide limited partners of the Partnership with a tax-assisted investment in a diversified portfolio of flow-through shares of resource issuers with a view to achieving capital appreciation for limited partners. The principal business of the resource issuers will be: (i) oil and gas exploration, development and production; (ii) mineral exploration, development and production; or (iii) certain energy production that may incur certain start-up phase costs of renewable energy and energy efficient projects.

Agents for the Partnership

Dundee Securities Corporation, CIBC World Markets, BMO Nesbitt Burns Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, GMP Securities L.P., Manulife Securities Inc., Raymond James Ltd., Wellington West Capital Markets Inc. and Desjardins Securities Inc.

Partnership's Offering Jurisdictions

A final prospectus relating to the Partnership 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 Partnership 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

Qwest Investment Management Corp. is an investment management firm which specializes in identifying, structuring and managing investment products. Qwest Investment Management Corp. is currently focused on investments in the natural resource sector.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. This offering is only made by prospectus. The prospectus contains important information about the securities being offered. Investors should contact their Investment Advisor to review their investment objectives and strategies. This information is for review purposes only and investors should consult their Investment Advisor for complete details and risk factors on specific investment strategies and various investment products. Investors should read the prospectus before making an investment decision.

Contact Information

  • Qwest Investment Management Corp.
    Cindy Bower
    Senior Manager, Business Development & Client Services
    604-602-1142 or 1-866-602-1142 (toll free)
    Email: cbower@qwestfunds.com
    Website: www.qwestfunds.com