Calgary – December 15, 2010 – CGS Flow-Through 2010 GP Ltd. is pleased to announce that the final closing of the offering of CGS Flow-Through 2010 LP (the “Partnership”) occurred on December 15, 2010.
The Partnership invests in resource issuers engaged in oil and gas exploration and development with the objective of achieving capital appreciation and maximizing tax benefits for investors. Investors are expected to receive tax deductions equal to approximately 94% of the amount invested for the 2010 tax year.
The Partnership plans to have a tax-deferred mutual fund rollover transaction occur on or before June 30, 2011, which will provide limited partners with liquidity.
The principals of CGS Asset Management Ltd. will provide technical expertise, consulting advice and due diligence service to the Partnership, and manage the Partnerhship’s investment portfolio in accordance with the Management Agreement and pursuant to the Investment Guidelines contained in the Offering Memorandum.
For more information, contact:
Clarence Chow
President
CGS Flow-Through 2010 GP Ltd.
Telephone: (403)571-0692