Creststreet Asset Management Ltd. has filed a final prospectus for the initial public offering of Creststreet 2005 Limited Partnership units with a closing date of March 30.

Creststreet says this will be the first and only closing for this offering.

The offering proposes to raise a maximum of $75 million for investment in flow-through shares of Canadian resource companies with a focus on companies involved in natural gas exploration and development. Investors are expected to receive tax deductions equal to 100% of the amount invested for the 2005 taxation year.

The offering is being made through a syndicate of investment dealers led by Scotia Capital Inc. and which includes BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Capital Markets, National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corp., HSBC Securities (Canada) Inc., GMP Securities Ltd., Peters & Co. Ltd., Tristone Capital Inc., Desjardins Securities Inc., First Associates Investments Inc. and Richardson Partners Financial Ltd.

Creststreet specializes in structuring and operating high quality investment vehicles targeting the Canadian natural resource and renewable energy sectors. Since being founded in 2000, Creststreet has completed nine flow-through offerings and has raised in excess of $370 million for investment in companies in these sectors.