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CEE Centamin Plc

2.22
0.00 (0.00%)
23 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Centamin Plc TSX:CEE Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.22 2.25 2.28 0 12:00:37

EnerVest FTS Limited Partnership 2009 Announces Closing of Flow-Through Offering

19/11/2009 8:49pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA.


EnerVest FTS Limited Partnership 2009 (the "Partnership") is pleased to announce
the closing of its initial public offering on November 19, 2009. The total
number of limited partnership units issued under the closing was 124,300 at
$25.00 per unit, resulting in gross proceeds raised for the Partnership of
$3,107,500. The Partnership units were offered for sale to the public in all of
the provinces of Canada. The 2009 offering is the fifteenth consecutive year in
which EnerVest has offered a flow-through limited partnership.


The Partnership's investment objective is to provide Limited Partners with a
tax-advantaged investment in two portfolios. Approximately 73% of proceeds
raised were allocated to the first portfolio which consists of Canadian
Exploration Expense ("CEE") Flow-Through Shares of Resource Companies. The
balance of the proceeds were allocated to the second portfolio which consists of
Canadian Development Expense ("CDE") Flow-Through Shares of Resource Companies.
Each portfolio is designed with a view to achieving capital appreciation for
Limited Partners through tax advantaged investments.


The offering was conducted by a syndicate of Agents led by National Bank
Financial Inc. and CIBC World Markets Inc. and included BMO Nesbitt Burns Inc.,
Scotia Capital Inc., TD Securities Inc., FirstEnergy Capital Corp., Haywood
Securities Inc., Blackmont Capital Inc., Canaccord Capital Corporation, HSBC
Securities (Canada) Inc., Manulife Securities Incorporated, Raymond James Ltd.
and Wellington West Capital Markets Inc.


A copy of the Final Prospectus, which includes more details regarding the
advantages of investing in a flow through limited partnership and the features
of CEE Flow-Through Shares and CDE Flow-Through Shares can be found on SEDAR at
www.sedar.com.


Certain statements included in this news release constitute forward-looking
statements. More particularly, this news release contains statements concerning
the tax attributes of the investments of the Partnership and the level of risk
associated with an investment in the CDE Units and CEE Units. These
forward-looking statements are not historical facts but reflect EnerVest 2009
General Partner Corp.'s (the "Administrator") 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 including changes in tax laws
applicable to the Partnership and its securities and the interpretation thereof
by the applicable taxation authorities, risks customary to the oil and gas
industry and the exploration for and production of oil and gas and reflecting
the ability of the Partnership to complete a liquidity alternative. Although the
Administrator 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. The
Administrator 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.


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