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NCE Diversified Flow-Through (09) Limited Partnership files preliminary prospectus; maximum $100 million
2008-12-15

TORONTO: NCE Resources Group is pleased to announce that a preliminary prospectus for a new flow-through investment, NCE Diversified Flow-Through (09) Limited Partnership (the “Partnership”), has been filed with, and the receipt therefore issued by, the securities commissions and regulatory authorities in each of the provinces and territories of Canada.

Flow-through shares: The Partnership has been created for the purpose of investing in flow-through shares of resource issuers engaged in oil and gas exploration, development and/or production, or mineral exploration, development and/or production and, to a lesser extent and subject to certain limitations, resource issuers involved in renewable energy exploration and development. The actual allocation of the Partnership’s investment portfolio will be determined based on the investment opportunities available at the time of investment. The Partnership will endeavour to invest all proceeds available for investment in flow-through shares on or before December 31, 2009.

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 2009 of the amount of their investment based on completion of the maximum offering and on certain other assumptions as set forth in the prospectus.

Offering price: The price per unit is $25.00 with a minimum subscription of 200 units ($5,000).

Investment advisor: The general partner will retain Sentry Select Capital Inc. (“Sentry Select”) to provide advice on and manage the investment portfolio of the Partnership.

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 more than $4.1 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 CIBC World Markets Inc. and RBC Dominion Securities Inc., includes BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., Scotia Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Dundee Securities Corporation, Blackmont Capital Inc., Manulife Securities Incorporated, Wellington West Capital Markets Inc., Burgeonvest Securities Limited, Desjardins Securities Inc., GMP Securities L.P., Industrial Alliance Securities Inc., Jory Capital Inc., Laurentian Bank Services Inc., M Partners Inc. and Research Capital Corporation.

More information: Investor Services (broker/investor inquiries and media inquiries)
Tel: 1-888-730-4623
Fax: 416-364-1197
Email:  info@sentryselect.com

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions ‘‘expect’’, ‘‘intend’’, “will” and similar expressions to the extent they relate to the Partnership. The forward-looking statements are not historical facts but reflect NCE Resources Group’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although NCE Resources Group believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. NCE Resources Group undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

A preliminary prospectus dated December 10, 2008 relating to these securities has been filed with the securities regulatory authority in each of the provinces and territories of Canada, but has not yet become final for the purpose of the sale of securities to the public. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt of the final prospectus is obtained from such securities regulatory authorities. Important information concerning this offering is contained in the prospectus and investors should read the prospectus before investing. Copies of the prospectus can be obtained from Lovena Doodahnand, Resource Centre, CIBC World Markets, Direct: 416-594-7266.


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).