| | Mon Dec 24, 2007
Faircourt CSCRF 2008 No. 1 Limited Partnership Files Preliminary Prospectus
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| | December 24, 2007 - Faircourt CSCRF 2008 No. 1 Limited Partnership has filed and received a receipt for a preliminary prospectus relating to the initial public offering of units ("Units") of Faircourt CSCRF 2008.
The Faircourt CSCRF 2008 offering is being made on a commercially reasonable efforts agency basis by a syndicate co-led by Blackmont Capital Inc. and CIBC World Markets Inc. and including TD Securities Inc., BMO Capital Markets, Scotia Capital Inc., Berkshire Securities Inc., Canaccord Adams, Raymond James Ltd., GMP Securities L.P., IPC Securities Corporation, Jory Capital Inc., and Wellington West Capital Inc. The preliminary prospectus was filed in all provinces in Canada except Quebec.
The offering is for a maximum of $25,000,000 and a minimum of $5,000,000. The Units are priced at $10.00 per Unit, with a minimum subscription of 250 Units ($2,500).
The Partnership's objective is to provide its Limited Partners with a tax assisted investment in a diversified portfolio of flow-through shares of resource issuers with a view to maximizing the tax benefit of an investment in the units and achieving capital appreciation for the Limited Partners. It is expected that substantially all of the investment in the Units will be fully tax deductible in 2008. An additional 15% Federal investment tax credit may also be available to investors on certain qualified Canadian Exploration Expenses.
Investments will be made with the intent to create a diversified portfolio of primarily mineral and, to a lesser extent, oil and gas exploration companies as well as "alternative energy" issuers. The Partnership'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. In connection with the Partnership, Bolder Investment Partners, Ltd. has been retained as the Portfolio Advisor.
Faircourt is a Toronto-based investment firm that structures value added tax-advantaged investment solutions for Canadian retail investors. Since inception in 2003, Faircourt has raised more than $750 million in structured investment products, including TSX-listed closed end funds, corporate class mutual funds, and principal protected notes.
Further information on Faircourt CSCRF 2008 and a copy of the preliminary prospectus may be obtained from any member of the offering syndicate.
For more information: Adam Ho or Rick Peterson 604-633-2776.
A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada except the Province of Quebec but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory. This press release is not for distribution in the United States.
About the CSCRF Group: Canadian Small Cap Resource Funds is a leading, Vancouver-based investment management company that creates and distributes limited partnerships that invest in flow-through shares of Canadian junior mining and energy companies. CSCRF is a subsidiary of NovaDX Ventures Corp (NDX-V). For more information on the CSCRF Group, please visit www.cscrf.ca.
About NovaDX Ventures: NovaDX is a Vancouver-based investment firm whose primary focus is on providing merchant banking and other business advisory services to micro-cap natural resource issuers, a largely overlooked but important sector of the equity markets. NovaDX's business plan involves seeking out investment opportunities in companies that have quality management and projects that demonstrate an above average opportunity for new resource discoveries. NovaDX works closely with management of these companies with the objective of mitigating risk and enhancing the value of its investments. NovaDX intends to pursue opportunities in North America and abroad. NovaDX seeks a return on its investments supplemented with revenue from investment banking, investment management and advisory services. For more information please visit www.novadx.com.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR UNITED STATES WIRE SERVICES
On the behalf of the Partnership:
Stephen Wilkinson
President, CEO & Director
888-350-8818
604-331-1223
For more information, call Rick Peterson or Adam Ho at 604-633-2776. |
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| | You can view the Next CSCRF Corporate News item: Thu Mar 13, 2008, Faircourt CSCRF 2008 No. 1 Limited Partnership Announces $4.1 Million First Close
You can view the Previous CSCRF Corporate News item: Wed Nov 7, 2007, CANADIAN SMALL CAP RESOURCE FUND 2007 No. 2 LIMITED PARTNERSHIP ("the Partnership") Final Closing of Partnership Offering - $5.0 Million Maximum Raised For Flow-Through Investments
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