49 North Resource Flow -Through Funds are established and offer flow-through closed units to the public on an annual or more frequent basis. Flow-Though Closed Units may only be offered and purchased pursuant to a prospectus. Click below to learn more about our Current Offering and to obtain a copy of the prospectus.
49 North 2009 Resource Flow-Through Limited Partnership is now available! Please call your investment advisor for further information or click on the link below.
49 North 2009 Resource Flow-Through Limited Partnership Preliminary Prsopectus
Recording of conference call featuring Tom MacNeill is available until November 20, 2009 at 1-866-245-6755 passcode: 801218.
How the 2008 I and II F-T LP Roll-Over is calculated?
The flow through money that was raised will be invested predominately in private companies in order to retain unit value before the rollover for new investors while garnering the Canadian Exploration Expense in 2008.
At the beginning of February 2009, 49 North 2008 F-T LP I and II will roll over into FNR shares. The rollover will be NAV to market price.
The NAV of LP I and II will be calculated at December 31, 2008 and the market price of FNR will be the weighted average trading price of the last 60 days of 2008. There will be a small premium which will cover any administration costs.
For example: The unit price of LP II is $10/unit. At the end of December 2008, if the NAV is $9 and the market price of FNR is $3.00 then you get 3 shares of FNR for every $10 unit.
Dilution:
$2,000,000 raised (2008 LP II) / $10 per unit = 200,000 units
200,000 units x 3 shares = 600,000 new FNR shares
Add 600,000 shares to the number of outstanding shares and you have a new total numer of shares outstanding. The is the same scenerio for 2008 LP I.
