| | Wed Dec 13, 2006
Canadian Small Cap Resource Fund 2006 No. 2 Limited Partnership ("the Partnership") Final Closing of Partnership Offering -- $4.5 Million Raised For Flow-Through Investments
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| | VANCOUVER, Dec. 13 - The Partnership is pleased to announce the final closing of the offering of the fund on December 12, 2006. The total sales for the final closing amounted to 450,373 units at a price of $10.00 per unit, raising gross proceeds of $4,503,730.
The offering was made on a best efforts agency basis by a syndicate led
by Blackmont Capital Inc. including IPC Securities Inc., Raymond James Canada Ltd., Union Securities Ltd., Berkshire Securities Inc. and Pacific International Securities Inc.
The Partnership's objective is to invest in a diversified portfolio of Flow-Through Shares of Resource Issuers engaged in mineral or oil and gas 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 100% of the deduction available in 2006. An additional 15% Federal Investment Tax Credit may also be available to investors in some provinces on qualified Canadian Exploration Expenses.
Bolder Investment Partners has been retained as advisor to the Partnership on investment and portfolio management decisions. It will advise the manager of the Partnership in respect of the investment portfolio with a view to capital appreciation on the Partnership's investments. The investment strategy is to invest in Flow-Through Shares of Resource Issuers that are considered to represent good value, have experienced and capable senior management, have a strong exploration program in place and offer potential for future growth.
Details on this and our previous offerings in 2004, 2005 and 2006 together with information on our portfolios may be obtained from our website, www.cscrf.ca or under the respective partnerships' profile at www.sedar.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification under the securities laws of such jurisdiction.
On the behalf of the General Partner:
Stephen Wilkinson
Chief Executive Officer
888-350-8818
604-331-1223 |
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| | You can view the Next CSCRF Corporate News item: Tue Jan 9, 2007, CSCRF Raises Record $12.1 million in 2006
You can view the Previous CSCRF Corporate News item: Mon Sep 18, 2006, Canadian Small Cap Resource Fund 2006 No. 2 Limited Partnership Files Preliminary Prospectus
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