Stone & Co. Limited

Stone & Co. Limited

March 11, 2005 11:12 ET

Stone 2005 Flow-Through Limited Partnership Files Preliminary Prospectus to Raise a Maximum of $30 Million


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: STONE & CO. LIMITED

MARCH 11, 2005 - 11:12 ET

Stone 2005 Flow-Through Limited Partnership Files
Preliminary Prospectus to Raise a Maximum of $30
Million

TORONTO, ONTARIO--(CCNMatthews - March 11, 2005) - Stone & Co. Limited
("SCL"), on behalf of the Stone 2005 Flow-Through Limited Partnership
("Stone 2005 FTLP"), has filed a preliminary prospectus dated March 2,
2005. Stone 2005 FTLP proposes to raise up to $30 million by issuing up
to 1,200,000 limited partnership units ("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 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 mineral
exploration in Canada with a view to maximizing the tax benefit of an
investment in Units and achieving capital appreciation. The offering
will be made by a group of securities dealers led by Wellington West
Capital Inc. SCL, through an affiliate, currently manages the Stone
2003 and 2004 Flow-Through Limited Partnerships which raised $33,597,750
in aggregate.

A preliminary prospectus relating to these securities has been filed
with securities commissions or similar authorities in the provinces of
British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia,
and New Brunswick and the Northwest Territories but has not yet become
final for the purpose of a distribution to the public. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale or any acceptance of an offer
to buy these securities in any province of Canada or the Northwest
Territories prior to the time a receipt for the final prospectus or
other authorization is obtained from the securities commission or
similar authority in any such province and territory.

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Contact Information

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