2009-11-11 01:24:08 -
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/10/09 -- Qwest Investment Management Corp. is pleased to announce that Qwest Energy 2009-II Flow-Through Limited Partnership (the "Partnership") completed the first closing of its public offering of Partnership Units on November 10, 2009. The Partnership issued 182,150 Units at $25.00 for total gross proceeds of $4,553,750. A second and final closing will occur on or about November 30, 2009.
Investment Objective
The Partnership's investment objective is to provide limited partners of the Partnership with a tax-assisted investment in a diversified portfolio of flow-through shares of resource issuers with a view to achieving capital appreciation for limited partners. The principal business of the resource issuers will be: (i) oil and gas exploration, development and production; (ii) mineral exploration, development and production; or (iii) certain energy production that may incur certain start-up phase costs of renewable energy and energy efficient projects. Qwest Investment Management expects the Partnership's investors will receive a tax deduction of 100% for the 2009 taxation year on the amount of their investment in the Partnership.
Agents for the Partnership
Dundee Securities Corporation, CIBC World Markets Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, GMP Securities L.P., Manulife Securities Inc., Raymond James Ltd., Wellington West Capital Markets Inc. and Desjardins Securities Inc.
Partnership's Offering Jurisdictions
A final prospectus relating to the Partnership was filed on November 2, 2009 with securities commissions or similar authorities in each of the provinces and territories of Canada. This news release shall not constitute an offer to sell or a solicitation to purchase, nor shall there be any sale or any acceptance of an offer to purchase units of the Partnership in any province or territory of Canada.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Partnership. The forward-looking statements reflect the Partnership's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Forward-looking statements are not a guarantee of future performance. The Partnership undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Important information concerning this offering is contained in the final prospectus.
About Qwest
Qwest Investment Management Corp. is an investment management firm which specializes in identifying and structuring investment products. Qwest Investment Management Corp. is currently focused on investments in the natural resource sector.
This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. This offering is only made by prospectus. The prospectus contains important information about the securities being offered. Investors should contact their Investment Advisor to review their investment objectives and strategies. This information is for review purposes only and investors should consult their Investment Advisor for complete details and risk factors on specific investment strategies and various investment products. Investors should read the prospectus before making an investment decision.
Contacts:
Qwest Investment Management Corp.
Cindy Bower
Senior Manager, Business Development & Client Services
604-601-5804 or 1-866-602-1142 (ext. 5804)
cbower@qwestfunds.com :
www.qwestfunds.com :
