CMP 2009 Resource Limited Partnership has completed the first closing of its initial public offering of limited partnership units, CMP said Friday.

The partnership sold 35,000 units for gross proceeds of $35 million. The partnership plans a second closing on March 3.

The partnership’s investment objective is to provide for a tax-assisted investment in a diversified portfolio of flow-through shares and other securities, if any, of resource companies with a view to earning income and achieving capital appreciation for limited partners.

The offering is being made through a syndicate of agents led by Dundee Securities Corp., CIBC World Markets Inc. and RBC Dominion Securities Inc. and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corp., Blackmont Capital Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Raymond James Ltd. and Wellington West Capital Markets Inc.

CMP is a pioneer in flow-through investing, with a history dating back to when flow-through shares were first introduced by the federal government. Since its creation in 1984, CMP has successfully raised and invested over $2.3 billion into companies active in exploration and development efforts across Canada.

Goodman & Co., Investment Counsel Ltd., manager of the partnership, also manages Dynamic Funds, with over $23 billion in assets under management. Goodman & Co. is an affiliate of DundeeWealth Inc.

IE