Front Street Capital completed a second closing of the Front Street Flow-Through 2010-I Limited Partnership units offering on March 11, raising an additional $17,106,175.
In conjunction with the first closing of LP units on February 18, a total of $90,241,275 has been raised for investments in flow-through shares of Canadian resource companies and other permitted investments.
Front Street focuses on companies engaged in oil and gas or mining exploration, development or production. Investors expect to receive tax deductions on the amount invested for the 2010 taxation year.
The offering was made through a syndicate of investment dealers, co-led by National Bank Financial Inc. and CIBC World Markets Inc., which included BMO Nesbitt Burns Inc., RBC Capital Markets, Scotia Capital Inc., TD Securities Inc., Canaccord Financial Ltd., Manulife Securities Inc., Tuscarora Capital Inc., Macquarie Capital Markets Canada Ltd., Dundee Securities Corp., GMP Securities L.P., HSBC Securities (Canada) Inc., Raymond James Ltd., and Wellington West Capital Markets Inc.
IE
Front Street raises over $90 million from closings of FT LP offerings
- By: IE Staff
- March 25, 2010 March 25, 2010
- 14:10
IE Staff