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TORONTO, ONTARIO--(Marketwired - Feb 22, 2016) - Goodman & Company, Investment Counsel Inc. ("GCIC") is pleased to announce that CMP 2016 Resource Limited Partnership (the "Partnership") has completed the first closing of its initial public offering of limited partnership units (the "Units"). The Partnership sold 16,442 Units for gross proceeds of approximately $16.4 million. The Partnership is managed by GCIC.
The Partnership anticipates completing a second and final closing on or about March 23, 2016. Units of the Partnership are being offered in all provinces and territories in Canada at a price of $1,000 per Unit with a minimum subscription of $5,000 (5 Units).
The offering is being made through a syndicate of agents led by Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc. and RBC Dominion Securities Inc. and including BMO Nesbitt Burns Inc., TD Securities Inc., Dundee Securities Ltd., Canaccord Genuity Corp., Desjardins Securities Inc., Industrial Alliance Securities Inc. and Raymond James Ltd.
CMP™ is a pioneer in flow-through investing, with a history dating back to when flow-through shares were first introduced by the federal government. Since its creation in 1984, CMP has successfully raised and invested over $2.9 billion in companies active in exploration and development efforts across Canada. When combined with the flow-through limited partnerships of Canada Dominion, the two form the largest flow-through investing platform in Canada, raising a combined total of more than $4.2 billion in assets throughout their history.
GCIC is a wholly-owned subsidiary of Dundee Corporation (TSX:DC.A). GCIC is a registered portfolio manager and exempt market dealer across Canada and a registered investment fund manager in the provinces of Ontario, Quebec and Newfoundland.
This offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the dealers noted above. Investors should read the prospectus before making an investment decision.
CMP 2016 Resource Limited Partnership
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