NCE Diversified Flow-Through (07-2) Limited Partnership closes offering, raises $50 million
TORONTO: NCE Resources Group is pleased to announce that NCE Diversified Flow-Through (07-2) Limited Partnership (the “Partnership”) closed its offering, raising gross proceeds of $50,000,000 and issuing 2,000,000 units.Flow-through shares: The Partnership has been created for the purpose of investing in flow-through shares of resource issuers engaged either in oil and gas exploration, development and/or production, or mineral exploration, development and/or production; or to a lesser extent, resource issuers involved in renewable energy exploration and development which qualify for Canadian renewable and conservation expenses. The actual allocation of the Partnership’s investment portfolio will be determined based on the investment opportunities available during the investment period. The Partnership will endeavour to invest all proceeds available for investment by December 31, 2007.Objective of the Partnership: The objective of the Partnership is to achieve capital appreciation and to maximize the tax benefits received by investors.Tax benefits: Investors will be eligible to receive tax benefits through participation in the Partnership, including an approximately 100% deduction in 2007 of the amount of their investment based on completion of the maximum offering and on certain other assumptions as set forth in the prospectus.Investment advisor: The general partner has retained Sentry Select Capital Corp. (“Sentry Select”) to select potential investments and to provide advice on and manage the investment portfolio of the Partnership. Sentry Select is a Canadian wealth management company that manages approximately $8 billion in gross assets as of August 31, 2007. Sentry Select offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 29 reporting issuers, Sentry Select is the manager and/or advisor to more Toronto Stock Exchange-listed entities than any other investment manager. In addition, Sentry Select manages and/or provides advisory services to four reporting issuers listed on the TSX Venture Exchange.Management: The general partner is a corporation formed under the laws of the Province of Ontario. The general partner is a member of the NCE Resources Group, which is an oil and gas investment management organization specializing in energy investments and providing a full range of technical, operational, administrative and investor services. Since 1984, the NCE Resources Group has invested or managed the investment of approximately $4 billion in the acquisition, development and exploration of resource properties and securities of resource issuers, and has entered into drilling, joint venture and other similar arrangements with oil and gas industry participants.Agents: The syndicate of agents, co-led by RBC Dominion Securities Inc. and CIBC World Markets Inc., included BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., Scotia Capital Inc., Berkshire Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc., IPC Securities Corporation, Jory Capital Inc., Research Capital Corporation and Wellington West Capital Inc.More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries)Tel: 1-888-246-6656 Fax: 416-364-1197 email@example.com
Les documents (y compris les communiqués de presse) se rapportant aux divers fonds d'investissement pour lesquels Sentry agit à titre de gestionnaire ou de conseiller ne sont fournis qu'à titre informatif. Ces documents ne peuvent être considérés comme étant exhaustifs ou exempts d'erreur sans un examen approfondi de la totalité des documents se rapportant à un fonds d'investissement en particulier disponibles sur SEDAR (www.sedar.com).