Printer Friendly

Stone 2005 Flow-Through Limited Partnership Files Final Prospectus For Up To CDN $30 Million.

TORONTO -- Stone & Co. Limited ("SCL"), on behalf of the Stone 2005 Flow-Through Limited Partnership ("Stone 2005 FTLP"), has filed a final prospectus with securities commissions and regulatory authorities in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia, and New Brunswick and the Northwest Territories as of May 20, 2005. Stone 2005 FTLP proposes to raise up to $30 million by issuing up to 1,200,000 limited partnership units at $25 per unit. Stone 2005 FTLP will, prior to December 31, 2005, endeavor to invest all proceeds available for investment in flow-through shares of resource companies for which the limited partners of the Stone 2005 FTLP are expected to receive certain tax credits and deductions.

E[acute accent]Stone 2005 FTLP has been formed to invest in flow-through shares of companies involved primarily in Canadian oil and gas, and mining exploration and development. Wellington West Capital Inc. is lead agent for a selling syndicate consisting of Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Berkshire Securities Inc., Burgeonvest Securities Limited, IPC Securities Corporation and Acadian Securities Inc. SCL, through affiliates, currently manages the Stone 2003 and 2004 Flow-Through Limited Partnerships which raised over $33 million in aggregate.

E[acute accent]This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This offering is made by prospectus only and copies thereof may be obtained from any of the dealers listed above as may lawfully offer these securities in such province or by contacting:
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1CANA
Date:May 25, 2005
Previous Article:Gibbs Holdings Extends Redwood MicroCap Fund Tender Offer.
Next Article:Nalco Honored For Customer Focus.

Related Articles
Final regulations deem net income from rental to close corporation nonpassive.
Proposed and final regulations affecting PTPs.
Unified partnership audit procedures revisited.
Preserving federal benefits of single-member LLCs in light of state tax concerns.
Creating and using hybrid entities.
Treaty status of LLCs.
IRS resumes K-1 matching program.
Stone 2005 Flow-Through Limited Partnership Files Preliminary Prospectus to Raise a Maximum of $30 Million.
Stone 2005 Flow-Through Limited Partnership Completes Initial Closing Of IPO.
Stone 2006 Flow-Through Limited Partnership Files Final Prospectus to Raise a Maximum of $50 Million.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters