CMP 2013 Resource Limited Partnership Raises $65.6 Million
TORONTO, ONTARIO -- (Marketwire) -- 02/28/13 -- Goodman Investment
Counsel Inc. ("GIC") is pleased to announce that CMP 2013 Resource
Limited Partnership (the "Partnership") has completed the second and
final closing of its initial public offering of limited partnership
units (the "Units"). The Partnership sold 65,678 Units at $1,000 per
Unit for aggregate gross proceeds of $65,678,000. The Units were
offered in all provinces and territories in Canada. The Partnership
is managed by GIC and sub-advised, with respect to oil and gas
investments, by GCIC Ltd., the manager of the Dynamic Funds(TM).
Dundee Corporation, an affiliate of GIC, and directors and officers
of GIC purchased approximately 8% of the Units sold.
The offering was made through a syndicate of agents that was led by
Scotiabank, CIBC and RBC Capital Markets and included BMO Capital
Markets, Dundee Securities Ltd., National Bank Financial Inc., TD
Securities Inc., Burgeonvest Bick Securities Limited, Canaccord
Genuity Corp., Desjardins Securities Inc., GMP Securities L.P.,
Macquarie Capital Markets Canada Ltd., Manulife Securities
Incorporated and Raymond James Ltd.
CMP(TM) is a pioneer in flow-through investing, with a history dating
back to when flow-through shares were first introduced by the federal
government. Since its creation in 1984, CMP has successfully raised
and invested over $2.8 billion in companies active in exploration and
development efforts across Canada. When combined with the
flow-through limited partnerships of Canada Dominion, the two form
the largest flow-through investing platform in Canada, raising a
combined total of more than $4.1 billion in assets throughout their
GIC, a wholly-owned subsidiary of Dundee Corporation, is led by Ned
Goodman, CFA and comprised of a team of resource specialists. GIC
acts as the manager of the CMP(TM) and Canada Dominion Resources 2012
flow through funds as well as the manager of Goodman Gold Trust. GIC
also acts as the sub-advisor to Dynamic Focus+ Resource Fund and DMP
Resource Class, mutual funds managed by GCIC Ltd.
About GCIC Ltd.
GCIC Ltd., the manager of the Dynamic Funds(TM), will sub-advise the
Partnership in respect of the oil and gas investments with Jennifer
Stevenson, a Vice President & Portfolio Manager, Energy, as lead
portfolio manager. Ms. Stevenson has more than 20 years of experience
in the energy sector and is the co-manager of the Dynamic Strategic
Resource Class, Dynamic Energy Income Fund and Scotia Resource Fund
and is the portfolio manager of Dynamic Strategic Energy Class. GCIC
Ltd. offers a wide range of wealth management solutions through
financial advisors. These include the mutual funds and hedge funds of
Dynamic Funds(TM), and the portfolio solutions of Marquis Investment
Program. GCIC Ltd. is a wholly-owned subsidiary of Scotiabank and
part of the Scotiabank's Global Wealth Management business line.
Customer Relations Centre
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