Front Street Completes Initial Closing for IPO

On February 16, 2005, Front Street Flow-Through 2005-I Limited Partnership completed an $82 million initial closing for its initial public offering of limited partnership units. The offering was underwritten by a syndicate of underwriters co-led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc.

Front Street was represented by a team from Fraser Milner Casgrain LLP composed of Brian Carr, Heather Zordel, Zahra Nurmohamed and Eric So in Toronto, with assistance from James Beeby in Vancouver, Colleen Cebuliak in Edmonton and Christopher Main in Montreal. The syndicate was represented by a team from McCarthy T├ętrault LLP composed of Sean Sadler, Michael Nicholas, Nigel Johnston and Greg McNab.

Front Street financed the expenses of the offering with a facility extended by the Bank of Montreal. The bank was represented by a team from Fraser Milner Casgrain composed of Peter Murphy, Charles Rich and Le Nguyen.