In conjunction with the first closing of National Class units and Québec Class units on February 21, 2013 a total of $ $28,439,825 has been raised for investments in flow-through shares of Canadian resource companies and other permitted investments. Front Street focuses on companies engaged in oil and gas or mining exploration, development or production. Investors expect to receive tax deductions on the amount invested for the 2013 taxation year.
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The offering was made through a syndicate of investment dealers, co-led by National Bank Financial Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc., which included BMO Nesbitt Burns Inc., TD Securities Inc., Scotia Capital Inc., GMP Securities L.P., Canaccord Genuity Corp., Macquarie Capital Markets Canada Ltd., Manulife Securities Incorporated, Raymond James Ltd., Tuscarora Capital Inc., Desjardins Securities Inc. and Sherbrooke Street Capital (SSC) Inc.
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