Creststreet 2006 Limited Partnership completes C$40 million units offering
Date Closed
February 24, 2006
Lead Office
Toronto
Value
40.00 Million CAD
On February 24, 2006, Creststreet 2006 Limited Partnership completed a C$40 million public offering of limited partnership units.
Proceeds from the offering will be used by the partnership to invest in flow-through securities issued by resource issuers engaged in oil and gas, mining or renewable energy exploration and development in Canada. In order to maximize the allocation of the gross proceeds of the offering towards the purchase of flow-through securities, the Partnership also entered into a loan facility with The Bank of Nova Scotia solely to finance the Agents’ fee and expenses of the Offering.
McCarthy Tétrault LLP represented Creststreet Power & Income Fund, as issuer, with a team led by Shea Small.