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. About CMP 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 history. About GIC 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. Contacts: Customer Relations Centre 1.800.268.8186 www.cmpfunds.ca
CMP 2013 Resource Limited Partnership Raises $65.6 Million
Press spacebar to pause and continue. Press esc to stop.