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$39 million Front Street Flow-Through 2009-I Limited Partnership unit offering

Date Closed

March 25, 2009

Lead Office

Toronto

Value

39.00 Million CAD

On March 25, 2009, Front Street Flow-Through 2009-I Limited Partnership issued over C$39 million of limited partnership units (the “Units”). The offering was made through a syndicate of investment dealers. The Units were issued to the public at a price of C$25.00 per Unit. The first closing was held on February 26, 2009 raising C$30,196,350 with a second closing on March 25, 2009 raising an additional C$9,378,700, for an aggregate total of C$39,575,050.

McCarthy Tétrault LLP advised the syndicate of underwriters with a team that included Andrew Parker, Nigel Johnston, and Jason Badal.

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