MSP 2005 Resource Limited Partnership has filed a preliminary prospectus for an initial public offering of limited partnership units.

The partnership’s investment objectives are to maximize total return, and to provide significant tax benefits, through investments in flow-through shares of companies engaged in oil and gas or mining exploration and development or other energy production.

Limited partners will be entitled to claim certain deductions for income tax purposes for the 2005 taxation year. The partnership may also hold warrants or other securities of resource issuers, and cash and/or cash equivalents.

Fred Sturm, executive vp and chief investment strategist of Mackenzie Financial Corp., will lead a team of professionals providing investment advisory and portfolio management services to the partnership.

Mackenzie Financial says Sturm’s investment strategy for the partnership will be similar to the strategy he has employed for the Mackenzie 2004 Resource Limited Partnership, for which he acts as lead portfolio manager.

The offering is being made through a syndicate of agents co-led by CIBC World Markets Inc. and RBC Capital Markets and including BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Inc., Berkshire Securities Inc., Canaccord Capital Corp., Desjardins Securities Inc., Dundee Securities Corp., First Associates Investments Inc. and IPC Securities Corp.