POINTE-CLAIRE, QC, June 18 /CNW Telbec/ - CGE Resources 2010 L.P. ('CGE' or the 'Partnership') announces that its Prospectus for the initial public offering of Partnership shares ('Units') in Québec has been receipted by the Autorité des marchés financiers (the 'AMF').
CGE is also pleased to announce its initial closing will occur on or about June 23, 2010.
The maximum offering is $20 million dollars (800,000 Units). The Units are offered at a price of $25 each, subject to a minimum subscription of 200 Units for a total of $5,000, payable at the time of subscription.
The Partnership will primarily invest in flow-through shares of resource issuers engaged primarily in mineral exploration, and, secondarily, in oil and gas exploration, principally in the Province of Québec, with a view to maximizing the tax benefit of an investment in the Units, and achieving capital appreciation. The funds of the Partnership will be invested in a manner so that limited partners will be entitled to claim certain tax deductions for income tax purposes during the 2010 taxation year.
Units are offered by a syndicate of Agents led by Desjardins Securities Inc. and includes Industrial Alliance Securities Inc., Laurentian Bank Securities Inc. and Mackie Research Capital Corporation.
Headquartered in Pointe-Claire (Montreal) with an office in Québec City, CGE General Partner I Inc. manages the Partnership. Since 2006, it has actively managed through affiliates diversified flow-through share portfolios, mainly with assets from resource exploration companies operating in Québec.
Investment is done through the Prospectus which contains important information about the Partnership and the Units being sold. Copies of the final prospectus may be obtained by contacting Raymond Duong of Desjardins Securities at (416) 867-3566 or firstname.lastname@example.org. Copies are also available at CGE General Partner I Inc. Investors should read the prospectus before making an investment decision.
For further information, please contact our Customer Service Center at 1-866-987-1455 or visit our website at www.cgeresources.com.
SOURCE CGE RESOURCES L.P.
For further information: For further information: Me Éloïse Gagnon, LL.M. Fisc., President, CGE General Partner I inc., (514) 987-1455, 1-866-987-1455; Clément C. Gagnon, MBA, Director, CGE General Partner I inc., (514) 987-1455, 1-866-987-1455