SASKATOON, Feb. 28, 2014 /CNW/ - As of 3:15 p.m. CST on February 28,
2014, Golden Opportunities Fund Inc. (the "Fund" or "Golden") has been
fully subscribed on its annual forty million dollar (CDN)
($40,000,000.00) fundraising limit in Saskatchewan and is fully
subscribed for 2013 tax year-eligible investment. The Fund is required
to decline subscriptions received subsequent to the Fund's annual limit
being reached and return them to sales representatives unaccepted.
Golden will reopen for subscription sales on April 1, 2014 as per the
Saskatchewan Labour-sponsored Venture Capital Corporations Act.
Golden is Saskatchewan's first Provincial Retail Fund launched in 1999
to enable Saskatchewan residents to keep their savings working in
Saskatchewan's leading economy. The Fund invests in small and
medium-sized growth companies in diverse sectors of the economy. To
date the Fund has invested over $275 million in 112 companies impacting
over 3,700 jobs throughout the Province.
"The early sell out of Golden Opportunities Fund confirms Saskatchewan
residents and current shareholders understand and support the
investment principles and leading transparency by which the Fund
adheres to" says Grant Kook, President and CEO of Golden Opportunities
Fund Inc. "We are very appreciative of the Government of
Saskatchewan's ongoing support of the Invest in Saskatchewan Program,
the thousands of financial advisors who support the Fund and the
investors for their confidence in investing in Saskatchewan through
SOURCE: Golden Opportunities Fund Inc.
For further information:
President/CEO, Golden Opportunities Fund Inc.
Vice President, Westcap Mgt. Ltd.