Stone & Co. Limited

Stone & Co. Limited

May 25, 2005 17:27 ET

Stone 2005 Flow-Through Limited Partnership Files Final Prospectus For Up To CDN $30 Million

TORONTO, ONTARIO--(CCNMatthews - May 25, 2005) - Stone & Co. Limited ("SCL"), on behalf of the Stone 2005 Flow-Through Limited Partnership ("Stone 2005 FTLP"), has filed a final prospectus with securities commissions and regulatory authorities in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia, and New Brunswick and the Northwest Territories as of May 20, 2005. Stone 2005 FTLP proposes to raise up to $30 million by issuing up to 1,200,000 limited partnership units at $25 per unit. Stone 2005 FTLP will, prior to December 31, 2005, endeavor to invest all proceeds available for investment in flow-through shares of resource companies for which the limited partners of the Stone 2005 FTLP are expected to receive certain tax credits and deductions.

Stone 2005 FTLP has been formed to invest in flow-through shares of companies involved primarily in Canadian oil and gas, and mining exploration and development. Wellington West Capital Inc. is lead agent for a selling syndicate consisting of Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Berkshire Securities Inc., Burgeonvest Securities Limited, IPC Securities Corporation and Acadian Securities Inc. SCL, through affiliates, currently manages the Stone 2003 and 2004 Flow-Through Limited Partnerships which raised over $33 million in aggregate.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This offering is made by prospectus only and copies thereof may be obtained from any of the dealers listed above as may lawfully offer these securities in such province or by contacting:

Contact Information

  • Stone Funds
    Wan Kim
    Senior Vice President, National Sales
    1 (877) 812-0792
    or
    Wellington West Capital Inc.
    Kevin Hooke
    Vice President, Corporate Finance
    (204) 925-2268