Toronto, June 5, 2009 - Canada Dominion Resources 2009 Limited Partnership (the "Partnership") announces that it has completed the first closing of its initial public offering of limited partnership units (the "Units"). The Partnership, which is registered in all provinces and territories in Canada, sold 1,032,941 Units for gross proceeds of $25,823,525. The Partnership will have a second closing on or about July 3, 2009.
The Partnership's investment objective is to provide a tax-assisted investment in a diversified portfolio of flow-through shares and other securities of resource companies with a view to earning income and achieving capital appreciation for limited partners. The assets of the Partnership will initially be invested in flow-through shares of resource companies engaged in oil & gas or mining exploration, development and/or production or certain energy production that may incur Canadian renewable and conservation expense. Limited partners with sufficient income will be entitled to claim deductions for Canadian federal income tax purposes in respect of the Canadian exploration expense incurred and renounced to the Partnership and may be entitled to certain investment tax credits deductible from tax payable.
Ask your broker for details, or contact our Customer Relations Centre at 1.800.268.8186 to request delivery of a prospectus.
Canada Dominion is a leader in flow-through share finance. Since its first partnership was introduced in 1998, Canada Dominion has successfully raised and invested over $1.1 billion in companies involved in exploration and development efforts in Canada's resource sector. The offerings of Canada Dominion, when combined with those of the flow-through limited partnerships of CMP(tm), form Canada's largest flow-through platform, raising a combined total of more than $3.5 billion in assets throughout their history.
CANADA DOMINION RESOURCES GROUP
1-800-268-8186
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