Marquest 2013-1 Mining Super Flow-Through Limited Partnership Raises $6.2 million from First Closing of Initial Public Offering and Schedules Second Closing

TORONTO, June 6, 2013 /CNW/ - Marquest Asset Management Inc. ("Marquest") is pleased to announce that it completed its first closing of the initial public offering (the "Offering") of Marquest 2013-1 Mining Super Flow-Through Limited Partnership (the "Partnership") comprising units of Marquest National Class limited partnership units (the "National Class Units") and Marquest Québec Class limited partnership units (the "Québec Class Units") on June 5, 2013, raising gross proceeds of $6,245,650 comprised of 156,290 National Class Units and 468,275 Québec Class Units. The partnership anticipates completing a second and final closing on or about June 28, 2013.

Each portfolio has its own investment objectives and distinct tax deductions.  The investment portfolio comprising the National Class Units is intended for purchasers in all provinces of Canada. The investment portfolio comprising the Québec Class Units is most suitable for purchasers who are resident in the Province of Québec or are otherwise liable to pay income tax in Québec.

The investment objectives of the National Class and the Québec Class are to preserve capital; achieve capital appreciation; and to provide National Class Limited Partners and Québec Class Limited Partners with a tax-assisted investment in a diversified portfolio of flow-through shares issued by resources issuers engaged in mineral exploration, development and/or production in Canada and primarily in Québec, respectively.

Limited Partners with sufficient income may be entitled to claim certain deductions from income and non-refundable investment tax credits where available, for income tax purposes for the 2013 taxation year.

The offering is made by a syndicate of agents led by Desjardins Capital Markets and which will include BMO Capital Markets, Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Burgeonvest Bick Securities Limited, Industrial Alliance Securities Inc., Laurentian Bank Securities Inc., MGI Securities Inc. and Mackie Research Capital Corporation.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Partnership, to the future outlook of the Partnership and anticipated events or results and may include statements regarding the future financial performance of the Partnership. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information for a variety of reasons.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

This offering is only made by prospectus dated May 24, 2013.  The prospectus contains important information about the securities being offered.  A copy of the prospectus can be obtained from any of the syndicate members listed above.  Investors should read the prospectus before making an investment decision.

SOURCE: Marquest Asset Management Inc.

For further information:

Contact Andrew A. McKay, Chief Executive Officer and Director of the Portfolio Manager at 416-777-7312.

Profil de l'entreprise

Marquest Asset Management Inc.

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