Acuity Small Cap Corp. announced today that it has filed and has received a receipt from Canadian securities regulators for the preliminary prospectus for an initial public offering of units.

Each unit will comprise of one class A share and one full class A Share purchase warrant. Each warrant will entitle the holder to purchase one class AsShare at a subscription price of $12 at 16:00 ET on Jan. 15, 2010.

The corporation’s investment objectives are: to provide the holders of class A shares with long-term capital appreciation; and to provide shareholders with monthly cash distributions.

Acuity Investment Management Inc. will provide investment advisory and portfolio management services to the corporation. The corporation intends to invest on an opportunistic basis in a broadly diversified group of issuers including, but not limited to, listed and unlisted issuers that are engaged in environmental technologies; the production of and/ or exploration for basic and precious metals; energy (in particular, uranium and oil & gas services); information technology; and health care and biotechnology.

Acuity was formed in 1990 and currently has assets under management of approximately $9.3 billion on behalf of mutual funds, pooled funds, closed-end funds and high net worth and institutional clients.

A syndicate of agents is being led by CIBC World Markets Inc. and Canaccord Capital Corp.; and includes BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Dundee Securities Corp., HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Blackmont Capital Inc., Desjardins Securities Inc., GMP Securities L.P., IPC Securities Corp., Richardson Partners Financial Limited and Wellington West Capital Inc.