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Client Work

Stone 2006 Flow-Through raises US$31.8 million in initial public offering

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Overview

Client

Scotia Capital and Wellington West Capital

On April 6, 2006, Stone 2006 Flow-Through Limited Partnership ("Stone 2006 FTLP"), completed the second closing of its public offering (following an initial closing on February 23), raising total aggregate proceeds of $31,841,725 representing 1,273,669 Units. Stone 2006 FTLP has been formed to invest in flow-through shares of resource issuers engaged primarily in oil and gas and mineral exploration in Canada with a view to the preservation of capital and achieving capital appreciation of its investments. The offering was made by a group of securities dealers led by Scotia Capital Inc. and Wellington West Capital Inc. Fasken Martineau advised the dealers with a team comprised of Anil Aggarwal, Krisztian Toth and Mitchell Thaw.

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