Creststreet Asset Management Ltd. today announced that it has filed a final prospectus for the initial public offering of units of Creststreet 2008 Limited Partnership. The offering has been set at a maximum of $50 million.

The funds from the offering will be invested in flow-through shares of resource companies engaged in oil, natural gas, renewable energy and mining exploration and development in Canada. Creststreet says it expects investors to receive tax deductions equal to 100% of the amount invested for the 2008 taxation year.

Closing of the offering has been scheduled for February 28, 2008.

Creststreet will invest in flow-through shares that: represent good value in relation to the market price and intrinsic value of the resource company’s shares; have experienced and capable management teams; have a strong exploration or development program or renewable energy project in place; and offer the potential for future growth.

The offering is being made through a syndicate of investment dealers led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc., and includes National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, GMP Securities L.P., Peters & Co. Limited, Raymond James Ltd., Macquarie Capital Markets Canada Ltd. and Tristone Capital Inc.

Since its inception in 2000, Toronto-based Creststreet has raised over $970 million for investment in resource and renewable energy companies.