/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TORONTO, Sept. 9 /CNW/ - The General Partner of Creststreet 2009 Limited
Partnership is pleased to announce that it has filed a preliminary prospectus
for the initial public offering of units of Creststreet 2009 Limited
Partnership. The offering has been set at a maximum of $20 million. Net
proceeds of the offering will be invested in flow-through shares of resource
companies primarily engaged in Canadian energy exploration, development and
production. Creststreet expects investors to receive tax deductions equal to
100% of the amount invested for the 2009 taxation year.
Creststreet will invest in flow-through shares that: (i) represent good
value in relation to the market price and intrinsic value of the resource
company's shares; (ii) have experienced and capable management teams; (iii)
have a strong exploration or development program or renewable energy project
in place; and (iv) offer the potential for future growth.
The offering is being made through a syndicate of investment dealers led
by Scotia Capital Inc. and includes: BMO Nesbitt Burns Inc. and CIBC World
Markets Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc.,
Canaccord Capital Corporation, GMP Securities L.P., Raymond James Ltd.,
Macquarie Capital Markets Canada Ltd. and Wellington West Capital Markets
Creststreet is an investment management firm that was founded on the
premise that energy is an increasingly scarce commodity which will increase in
value over time, providing attractive long-term investment opportunities.
Since its inception in 2000, Creststreet has raised over $1 billion for energy
investments. The firm specializes in structuring and managing high quality
energy focused long only, long/short and tax-assisted investment products for
Canadian and international institutional and high net worth investors.
For further information:
For further information: Sheryl Chiddenton, Manager, Compliance and
Investment Services, Creststreet Asset Management Limited, Tel: (416)
864-3125, E-mail: firstname.lastname@example.org