Marquest 2016-II Mining Super Flow-Through Limited Partnership (National Class and Québec Class) Announces First Closing of Initial Public Offering
September 30, 2016
Toronto – Marquest 2016-II Mining Super Flow-Through Limited Partnership (the “Partnership”) is
pleased to announce the first closing of its initial public offering (the “Offering”) for aggregate gross
proceeds of $15.0 million. Pursuant to the Offering, the Partnership issued National Class Limited
Partnership Units and Québec Class Limited Partnership Units at a price of $10.00 per Unit. A second
closing of the Offering is expected on or before October 21, 2016.
National Class
The investment objectives of the National Class portfolio are to preserve capital; achieve capital
appreciation; and to provide holders of National Class units with a tax-assisted investment in a
diversified portfolio of flow-through shares issued by resource issuers engaged in mineral exploration
and development in Canada that will incur “Canadian exploration expenses” (”CEE”).
Investors in National Class units are expected to receive tax deductions for 2016 of up to approximately
100% of the amount invested plus potential further reductions in tax otherwise payable by the federal
investment tax credit, based on and subject to certain conditions as set forth in the Prospectus.
Québec Class
The investment objectives of the Québec Class portfolio are to preserve capital; achieve capital
appreciation; and to provide holders of Québec Class units with a tax-assisted investment in a diversified
portfolio of flow-through shares issued by resource issuers engaged in mineral exploration and
development primarily in the Province of Québec that will incur CEE.
Investors in Québec Class units are expected to receive tax deductions for 2016 of up to approximately
120% of the amount invested plus potential further reductions in tax otherwise payable by the federal
investment tax credit, based on and subject to certain conditions as set forth in the Prospectus.
Each portfolio’s investment strategy is to invest in flow-through shares that: (a) represent good value in
relation to the market price and intrinsic value of the shares of a resource issuer; (b) are issued by
resource issuers that have experienced and capable senior management; (c) have a strong exploration
or development program; and (d) offer potential for future growth.
Mutual Fund Rollover Transaction
On or before September 30, 2017, and in any case no later than August 15, 2018, the General Partner
intends to transfer the assets in the National Class portfolio and the Québec Class portfolio to the
Mutual Fund (as defined in the Prospectus) in exchange for shares of the Mutual Fund.
The syndicate of agents for the offering is being led by National Bank Financial Inc., CIBC World Markets
Inc. and Scotiabank and includes BMO Capital Markets, RBC Capital Markets, TD Securities Inc., Desjardins Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Industrial Alliance Securities
Inc., Raymond James Ltd., Manulife Securities Incorporated, Echelon Wealth Partners Inc. and Laurentian Bank Securities Inc.
For further information, please contact:
Andrew Bentley
Marquest Asset Management Inc.
161 Bay Street, Suite 4420
Toronto, Ontario M5J 2S1
647.788.2034
abentley@marquest.ca