Canacord Resources, First Mineral Exploration Partnership and Second Canacord Mineral Exploration Partnership have jointly filed a preliminary prospectus for the offering of units. McCarthy Securities is managing the offering.
The partnership funds will provide exploration financing for a number of projects in which Canacord is involved with. In return, Canacord will earn participating interests in the projects. Partners of the funds will earn flow- through common shares of Canacord and will benefit from tax deductions in 1986.
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