Press Releases

Stone 2010 Flow-Through Limited Partnership Files Final Prospectus

Apr 12 2010

TORONTO – April 12, 2010 – Stone 2010 Flow-Through GP Inc. is pleased to announce that it has filed, and has received a receipt for, a final prospectus dated April 8, 2010 with the Canadian securities regulatory authorities in each of the provinces and territories of Canada for the initial public offering of Stone 2010 Flow-through Limited Partnership (the “Partnership”).  The initial closing of the offering is expected to be on or about April 29, 2010.
 
The Partnership has been formed to invest primarily in flow-through shares of resource issuers engaged in oil and gas and mineral exploration in Canada with a view to the preservation of capital and achieving capital appreciation of the Partnership?s investments.  Stone Asset Management Limited will act as portfolio manager to the Partnership and will, prior to December 31, 2010, endeavour to invest all proceeds available for investment primarily in flow-through shares of resource issuers that will agree to incur Canadian Exploration Expense ("CEE") in carrying out exploration in Canada and renounce CEE to the Partnership. Limited Partners with sufficient income may be entitled to claim certain deductions from income and non-refundable investment tax credits where available, for income tax purposes for the 2010 taxation year.
 
The offering is made by a syndicate of agents co-led by CIBC, National Bank Financial Inc. and RBC Capital Markets and includes BMO Capital Markets, Scotia Capital Inc., Canaccord Financial Ltd., Manulife Securities Incorporated, Raymond James Ltd., Wellington West Capital Markets Inc., HSBC Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Burgeonvest Bick Securities Limited and Mackie Research Capital Corporation.
 
This offering is only made by prospectus.  The prospectus contains important detailed information about the securities being offered.  Copies of the prospectus may be obtained from one of the dealers listed above.  Investors should read the prospectus before making an investment decision.

For more information, contact:
Stone & Co. Limited
Michael Bevan
Key Accounts Manager
p. 416 607-7387| 800 336 9528
e. michaelb@stoneco.com | www.stoneco.com
 
 
 

 

 

 
 

 

 
 

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