CGS Asset Management Ltd. Introduces CGS Flow-Through 2010 LP

Monday, 07 June 2010 19:15

Calgary, June 7, 2010: CGS Asset Management Ltd. ("CGS"), is pleased to announce the launch of CGS Flow-Through 2010 LP (the "Partnership").

Designed specifically for high net-worth or eligible investors across Canada, the Partnership will initially invest in a diversified portfolio of flow-through securities from select resource issuers, focused in oil & gas exploration and development. The Partnership will attempt to maximize tax benefits for its limited partners  through the purchase of flow-through shares, which is expected to generate significant income tax savings for limited partners during the 2010 tax year.

A tax deferred rollover of the Partnership is expected to occur on or about June 30, 2011, which will provide limited partners with liquidity.

The Partnership anticipates an initial closing will be completed on June 30, 2010 provided a minimum closing amount of $2,000,000 has been raised. Month-end closings will continue throughout the remainder of 2010, or until further notice by the General Partner.

Investment Advisors who wish to place orders into the Partnership can do so through FundSERV, under the code CGS 100.

For more information concerning the Fund please contact:

Clarence Chow, P. Eng.
Portfolio Manager
CGS Asset Management Ltd.
T: 403.571.0692
F: 403.263.5554
E: This e-mail address is being protected from spambots. You need JavaScript enabled to view it