Norrep Short Duration 2014 Flow-Through Limited Partnership
$75,000,000.00
7,500,000.00 Units at $10.00
Initial Public Offering - Closed - Thursday, February 27, 2014
Company Description
Norrep Short Duration 2014 Flow-Through Limited Partnership has been organized to invest in flow-through shares of issuers whose shares are listed on a North American stock exchange and flow-through shares of resource companies whose principal business is (i) oil and gas exploration, development and production, (ii) mineral exploration, development and production, or (iii) renewable energy development and production in Canada. Hesperian will provide investment, management, administrative and other services on behalf of the Partnership. Hesperian is an vestment-counselling firm which specializes in investing in North American small capitalization equities and Canadian energy equities. Hesperian currently manages approximately $1.1 billion million in investment assets including thirteen public mutual funds, two limited partnerships, four private investment funds and investment assets including thirteen public mutual funds, two limited partnerships, four private investment funds and investment portfolios for individuals. The units of the Limited Partnership will not be publicly traded.
| Address: |
Suite 175, Kipling Square, 601 - 10 Avenue SW Calgary, Alberta, T2R 0B2 Canada |
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| Phone Number: | 403 531-2650 |
| Fax Number: | 403 508-6120 |
| Website: |
| Industry: | Structured Products |
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| Closing Date: | Thursday, February 27, 2014 |
| 1st Day of Trading: | |
| Primary Symbol: | |
| Exchange: |
Proceeds
The Partnership will use the gross proceeds to subscribe for flow-through shares of resource companies.
| Gross Proceeds: | $75,000,000.00 |
|---|---|
| Underwrting Fees: | $4,312,500.00 |
| Expense Offering: | $450,000.00 |
| Net Proceeds: | $70,237,500.00 |
| Lead Underwriter: | BMO Nesbitt Burns Inc. |
|---|---|
| Other Underwriter(s): |
RBC Dominion Securities Inc. CIBC World Markets Inc. TD Securities Inc. Scotia Capital Inc. National Bank Financial Inc. GMP Securities Ltd. Raymond James Ltd. Burgeonvest Securities Limited Canaccord Genuity Corp. Manulife Securities Incorporated |
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