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CEE Centamin Plc

2.74
-0.04 (-1.44%)
04 Nov 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
  -0.04 -1.44% 2.74 2.74 2.80 2.78 2.71 2.76 2,700 21:10:04

Stone 2010 Flow-Through Limited Partnership Raises $9 Million at First Closing of IPO

29/04/2010 4:12pm

Marketwired Canada


Stone 2010 Flow-Through GP Inc. is pleased to announce that it has completed its
first closing of the initial public offering of Stone 2010 Flow-Through Limited
Partnership (the "Partnership") raising gross proceeds of $9,057,150,
representing 362,286 units of the Partnership, at $25 per Unit. The second
closing of the offering is expected to be on or about May 27, 2010.


The Partnership will 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 agents listed above. Investors should
read the prospectus before making an investment decision.


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