Investment Objective of the Partnership
The Partnership's investment objective is to achieve capital appreciation and significant tax benefits for Limited Partners by investing in a diversified portfolio of flow-through shares and other securities, if any, of resource issuers.
The Partnership's investment strategy will be to invest in Flow-Through Shares and other securities, if any, of Resource Issuers whose principal business will be: (i) mining exploration, development, and/or production, (ii) oil and gas exploration, development, and/or production or (iii) certain energy production that may incur CRCE. To accomplish this strategy, a strong preference will be given to companies with existing production, which the Manager believes should mitigate downside risk relative to investing in earlier stage companies.
Attractive Tax-Reduction Benefits
Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Sprott anticipates that investors participating in the Partnership will be eligible to receive a tax deduction in 2014 that is approximately 100% of the amount invested in the Partnership, based on certain assumptions as set forth in the prospectus.
The Partnership will be managed by Sprott, one of
The offering is being made through a syndicate of agents led by
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expects", "intends", "anticipates",
"will" and similar expressions to the extent that they relate to the
Partnership. The forward-looking statements are not historical facts
but reflect the General Partner's and Sprott's current expectations
regarding future results or events. These forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations. Although the General Partner and Sprott believe the
assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance
and, accordingly, readers are cautioned not to place undue reliance on
such statements due to the inherent uncertainty therein. Neither the
General Partner nor Sprott undertake any obligation to update publicly
or otherwise revise any forward-looking statement or information
whether as a result of new information, future events or other such
factors which affect this information, except as required by law.
This offering is only made by prospectus. The Partnership's prospectus
contains important detailed information about the securities being
offered. Copies of the prospectus may be obtained from your IIROC
registered financial advisor. Investors should read the prospectus
before making an investment decision.
SOURCE Sprott Asset Management LP