TransactionsStone 2008 Flow-Through Limited Partnership Closes $19 Million IPOPublished: 06/10/2008 By Peter A. Dunne, Brian P. Koscak, Christopher B. Norton, David Swain On June 10, 2008, Stone 2008 Flow-Through Limited Partnership (the "Stone 2008 FTLP") completed its initial public offering and raised gross aggregate proceeds of $18,990,475, representing 759,619 limited partnership units at $25 per unit. Stone 2008 FTLP had previously filed a final prospectus dated May 27, 2008 with securities regulatory commissions and regulatory authorities in all provinces and territories of Canada and 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 Stone 2008 FTLP’s investments. The offering was made by a syndicate of agents led by National Bank Financial Inc. and CIBC World Markets Inc. and including BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Wellington West Capital Inc., Berkshire Securities Inc., Blackmont Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Burgeonvest Securities Ltd., IPC Securities Corporation, Jory Capital Inc., Research Capital Corporation, Richardson Partners Financial Ltd., and Sanders Wealth Management Group Ltd. Cassels Brock acted for Stone 2008 FTLP with a team that included Peter Dunne (Securities), Christopher Norton (Tax), Brian Koscak (Securities) and David Swain (Securities). |