NCE Energy Assets -- 1996 -- Fund Files A Preliminary Prospectus For $100 Million.TORONTO, Canada--(BUSINESS WIRE)--June 6, 1996--NCE RESOURCES GROUP (TSE See Tokyo Stock Exchange.
1. See Tokyo Stock Exchange (TSE).
2. See Toronto Stock Exchange (TSE). : NCF See National Cristina Foundation. .UN) John F. Driscoll, President of NCE NCE Networks of Centres of Excellence
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NCE New Century Energies Energy Assets (96) Management Corp., the General Partner of NCE Energy Assets (1996) Fund (the "Fund") is pleased to announce the filing of a preliminary prospectus Preliminary Prospectus
A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders in all of the provinces and territories of Canada other than Alberta, for the Fund to raise $100 million.
The Fund is a limited partnership established to provide investors with the opportunity to earn income from oil and gas production from conventional oil and gas properties located in Western Canada
Western Canada, commonly referred to as the West .
The Fund's investment objectives are to enable Unitholders to:
a:) acquire a long-term source of oil and natural gas income through quarterly distributions of net cashflow of the Fund; and
b:) benefit from the ability to deduct from income for tax purposes expenditures which qualify as Canadian Development Expenses, Canadian Exploration Expenses, or Canadian Oil and Gas Property Expenses and Expenses Of Issue
c:) obtain Alberta Royalty Tax Credits.
CONTACT: NCE Resources Group
Monica V. Lapkoff, 416/364-8788