Because of the federal government’s new policy on flow- through shares, NIM Management will be filing a preliminary prospectus for two million limited partnership units ($200 million) of NIM Resource — 1988 and Co. Ltd. Partnership. The partner will invest in flow-through shares of public mining and oil companies and earn investors’ income tax deductions for the 1988 taxation year. All assets will be transferred to Perpetual Growth Fund V1 Ltd. which will be managed by MD Management Ltd.
Richardson Greenshields of Canada, the lead manager for similar NIM Partnerships which have raised over $530 million in the past three years, will manage the offering. A preliminary prospectus should be available by the end of May.
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