Canada : Pathway Mining 2009-II Flow-Through Limited Partnership Initial Public Offering (Mining Flow-Through) Raised $4,999,530 on First Closing.Byline: pinto03 Pathway Mining 2009-II Flow-Through Limited Partnership (the "Partnership" or "Pathway Mining 2009-II FTLP") reports that it has completed a first closing of its Initial Public Offering (the "Offering") and raised total gross proceeds of $4,999,530 on the sale of an aggregate of 499,953 limited partnership units at $10.00 per unit pursuant to a Final Prospectus dated October 20, 2009, which is available on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.sedar.com. Wellington West Capital Inc., HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Securities (Canada) Inc., Burgeonvest Bick Securities Limited, Canaccord Capital Corporation, Raymond James Ltd., Blackmont Capital Corporation, Dundee Securities Corporation, GMP GMP (guanosine monophosphate): see guanine. Securities L.P., Research Capital Corporation, Integral Wealth Securities Limited and Argosy Securities Inc. acted as agents in the Offering, with Wellington West acting as the lead agent. Following completion of the Offering, Pathway Mining 2009-II Inc., the General Partner of the Partnership, will invest available funds of the Partnership primarily in flow-through shares of resource companies engaged in mineral exploration and development in Canada and listed on the TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension or the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . The General Partner will invest the available funds such that Limited Partners will be entitled to claim certain deductions from income and investment tax credits for income tax purposes for the 2009 taxation year. The General Partner also plans to invest the available funds with a view to achieving capital appreciation of the Partnership's investments. The General Partner retained Pathway Investment Counsel Inc. (the "Portfolio Manager") to provide investment advisory services to the Partnership as Portfolio Manager, and William D.B. Koenig, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , CMA CMA - Concert Multithread Architecture from DEC. will be the individual portfolio manager at Pathway who will portfolio manage the Partnerships investments. The General Partner also retained the geological and engineering consulting firm of Watts, Griffis and McOuat Limited ("WGM WGM Whispering Gallery Mode (microresonators) WGM Women's Grandmaster WGM Work Group Manager WGM World Gone Mad (Austin, Texas drum and bugle corps) WGm West Germanic (linguistics) ") as consultants to provide technical expertise, advice and due diligence services to the Portfolio Manager generally in relation to the mining sector, and specifically in relation to the identification, review and negotiation of individual flow-through share investment opportunities for the Partnership. In addition, WGM will have a continuing role with the Partnership in monitoring the exploration activities of resource companies in which the Partnership has invested to ensure that those resource companies will be able to renounce Canadian Eligible Expenditures to the Partnership with an effective date of December 31, 2009, and to assist the Partnership in determining whether flow-through shares should continue to be held or sold. Horst Mueller of Mueller Behavioural Analytics will provide technical analysis in relation to the mineral sector to the Portfolio Manager. Finally, Ronald J. Wortel, P. Eng., MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration and Barbara Y. Thomae, P.Geo. who are employed as senior mining analysts by the Administrator (MineralFields Fund Management Inc.), Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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