frontierAlt Resource 2008 Flow-Through Limited Partnership files preliminary prospectus for initial public offering of up to $20 million


    TORONTO, Sept. 12 /CNW/ - frontierAlt Funds Management Limited, a
promoter of frontierAlt Resource 2008 Flow-Through Limited Partnership (the
"Partnership"), is pleased to announce that the Partnership has filed and has
received a receipt from the securities regulators of all the Canadian
provinces for a preliminary prospectus dated September 10, 2008 for the
initial public offering of up to a maximum of 800,000 limited partnership
units of the Partnership at a price of $25.00 per unit.
    The Partnership will invest in flow-through shares of select resource
issuers that are considered by the portfolio manager of the Partnership to
represent good value in relation to the market price of the resource issuer's
shares, have experienced and capable senior management, have a strong
exploration program in place, and offer potential for future growth. The
Partnership's investment objectives are to achieve capital appreciation, and
maximize tax benefits for investors. The general partner intends to invest all
proceeds available for investment such that limited partners with sufficient
income will be entitled to claim certain deductions from income for income tax
purposes for the 2008 taxation year and may be entitled to certain investment
tax credits deductible from tax payable.
    The Partnership has retained Caldwell Investment Management Ltd. to act
as portfolio manager to select flow-through shares and other investments for
the Partnership. Caldwell Investment Management Ltd. is an affiliate of
Caldwell Securities Ltd. Together, Caldwell Investment Management Ltd. and
Caldwell Securities Ltd. manage or provide investment advice on over
$1 billion of client assets. Caldwell Investment Management Ltd. will retain
the services of Southampton Associates Inc. and AJM Petroleum Consultants to
provide it with industry expertise and due diligence services respecting
resource issuers.
    A syndicate of agents for the offering is being led by CIBC World Markets
Inc., and includes BMO Capital Markets, National Bank Financial Inc., Scotia
Capital Inc., TD Securities Inc., Blackmont Capital Inc., Canaccord Capital
Corporation, Dundee Securities Corporation, Raymond James Ltd., HSBC
Securities (Canada) Inc., Manulife Securities Incorporated, and Richardson
Partners Financial Limited.
    This offering is only made by prospectus. The prospectus contains
important detailed information about the securities being offered. Copies of
the prospectus may be obtained from Lovena Doodahnand, CIBC World Markets,
Direct: 416-594-7270 or E-mail: and also from
frontierAlt Funds Management, Kurankye Sekyi-Otu, Direct: 416-623-3171, Toll
Free: 1-866-745-5545 ext. 3171 or E-mail:

    A preliminary prospectus relating to these securities has been filed with
securities regulatory authorities in each of the provinces of Canada but has
not yet become final for the purpose of a distribution to the public. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale or any acceptance of an offer to buy
these securities in any province of Canada prior to the time a receipt for the
final prospectus or other authorization is obtained from the securities
commission or similar authority in such province.

For further information:

For further information: Kurankye Sekyi-Otu, President, frontierAlt
Funds Management, Tel: (416) 623-3171, Fax: (416) 360-6202, e-mail:;; Les Young, Assistant
Vice-President, frontierAlt Funds Management, Tel: (416) 623-3172, Fax: (416)
360-6202, email:

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