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Creststreet completes closing of its 2007 flow-through offering raising US$58 million

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Scotia Capital Inc.

On June 29, 2007, Creststreet announced that it had completed the third closing of its public offering of Creststreet 2007 Limited Partnership units, raising an aggregate total of $58,570,610 for investment in flow-through shares of Canadian resource companies. The Partnership's investment focus is primarily on companies involved in natural gas exploration and development. The offering was made through a syndicate of investment dealers co-led by Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc., and includes National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., GMP Securities L.P., Orion Securities Inc., Peters & Co. Limited, Raymond James Ltd. and Tristone Capital Inc. Fasken Martineau advised the dealer syndicate with a team comprised of Anil Aggarwal, Krisztian Toth, Wojtek Baraniak and Mitchell Thaw (tax).



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