| | Mon Mar 7, 2005
Canadian Small Cap Resource Fund 2005 No. 1 Limited Partnership Files Preliminary Prospectus
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| | Canadian Small Cap Resource Fund 2005 No. 1 Limited Partnership ("CSCRF 2005"), announces that it has filed a preliminary prospectus relating to the initial public offering of units of CSCRF 2005 (the "Units"). The CSCRF 2005 offering is being made on a best efforts agency basis by a syndicate lead by First Associates Investments Inc., and including Wellington West Capital Inc., Research Capital Corporation, Pacific International Securities Inc., and Union Securities Ltd. The offering will be made available in Ontario, Manitoba, Saskatchewan, Alberta and British Columbia.
The offering will be for a maximum of $20,000,000 and a minimum of $5,000,000. The Units will be priced at $10.00 per Unit, with a minimum subscription of 250 Units ($2,500).
The investment objective of the CSCRF 2005 is to invest in Flow-Through Shares of Junior and Small Cap Resource Issuers engaged in mineral exploration in Canada, with a view to maximizing the tax benefit of an investment in Units. It is expected that substantially all of the investment in the Units will be fully tax deductible, with approximately 90% of the deduction available in 2005. An additional 15% Federal Investment Tax Credit may also be available to investors in some provinces on qualified Canadian Exploration Expenses.
Investments will be made with the intent to create a diversified mineral resource portfolio. The investment portfolio will be built and managed by the General Partner with a view to capital appreciation on the CSCRF 2005's investments. The General Partner's investment strategy is to invest in Flow-Through Shares of Resource Issuers that it considers to represent good value, have experienced and capable senior management, have a strong exploration program in place and offer potential for future growth.
The Prospectors' and Developers' Association of Canada, PDAC, Convention is being held March 6th to the 9th at the Metro Toronto Convention Centre. The CSCRF 2005 together with First Associates will be attending at booth #2023. Management will be available to discuss flow through investments and the success of the previous offerings of the General Partner. For further information, visit our website, www.cscrf.ca.
For Further Information Please Contact:
Stephen Wilkinson
Chief Executive Officer
888-350-8818 |
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| | You can view the Next CSCRF Corporate News item: Tue Jun 28, 2005, Canadian Small Cap Resource Funds 2005 No. 1 Limited Partnership
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