Qwest Investment Management Corp.

Qwest Investment Management Corp.

November 09, 2010 11:55 ET

Qwest Energy 2010-II Flow-Through Limited Partnership: Second Closing November 25, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2010) - Qwest Investment Management Corp. is pleased to announce that Qwest Energy 2010-II Flow-Through Limited Partnership (the "Partnership") completed the first closing of its public offering of Partnership Units on November 9, 2010. The Partnership issued 352,243 Units at $25.00 for total gross proceeds of $8,806,075. The Partnership will have a second closing on November 25, 2010.

Investment Objective

The Partnership's investment objective is to provide limited partners of the Partnership (the "Limited Partners") with a tax-assisted investment in a diversified portfolio of Flow-Through Shares of Resource Issuers whose shares are publicly traded and, to a lesser extent, Flow-Through Shares of private 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, BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, National Bank Financial Inc., Canaccord Genuity Corp., Raymond James Ltd., Wellington West Capital Markets Inc. and GMP Securities L.P.

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.

About Qwest

Qwest Investment Management Corp. is an investment management firm which specializes in identifying and structuring investment products in those sectors of the global capital markets in which it has experience and expertise.

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.

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