VANCOUVER, BRITISH COLUMBIA -- 11/03/09 --
Qwest Investment Management Corp. is pleased to announce today that it filed a final prospectus for the initial public offering of units of the Qwest Energy 2009-II Flow-Through Limited Partnership (the "Partnership"). Funds raised by the Partnership will be used to purchase flow-through shares of resource issuers. Investors in the Partnership are expected to receive tax deductions of 100% of the amount invested for the 2009 tax year. Our first closing for this offering is expected to occur on or about November 10, 2009 and our second and final closing is expected to 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.
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 preliminary prospectus relating to the Partnership has been filed 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 prior to the receipt for the final prospectus or other authorization is obtained from a securities commission or similar authority.
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
