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 Golden Opportunities.
SOURCE: Golden Opportunities Fund Inc.
For further information:
President/CEO, Golden Opportunities Fund Inc.
Vice President, Westcap Mgt. Ltd.