Transaction
Front Street Raises Over $39 Million From Closings of Flow-Through Limited Partnership Units Offerings
By David Swain, Heather Zordel
On March 25, 2009, Front Street Capital completed a second closing of the Front Street Flow-Through 2009-I Limited Partnership units offering, raising an additional $9,378,700. In conjunction with the first closing of limited partnership units on February 26, 2009, a total of $39,575,050 has been raised for investments in flow-through shares of Canadian resource companies and other permitted investments.
The offerings were made through a syndicate of investment dealers, co-led by National Bank Financial Inc. and CIBC World Markets Inc., which included BMO Nesbitt Burns Inc., RBC Capital Markets, Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, Raymond James Ltd., Tuscarora Capital Inc., Blackmont Capital Inc., GMP Securities L.P., HSBC Securities (Canada) Inc., Richardson Partners Financial Ltd. and Wellington West Capital Markets Inc.
Cassels Brock acted for Front Street with a team that included Heather Zordel and David Swain (securities) and Chris Norton (tax).