Creststreet Asset Management Ltd. has filed a preliminary prospectus for a $75 million initial of Creststreet 2005 Limited Partnership units.

The proceeds of the offering will be invested 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.

“Capping our fund at $75 million this year allows Creststreet to maintain it high quality investment strategy which has paid off so well for our investors in the past,” said Robert Toole, managing director and chief investment strategist of Creststreet said

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.

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.