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,
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
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
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.