NCE Diversified Flow-Through (10) LP Completes IPO

On April 30, 2010, NCE Diversified Flow-Through (10) Limited Partnership completed its initial public offering, raising total gross proceeds of $79,934,100. The offering was closed in three tranches. The partnership was created for the purpose of investing in flow-through shares of resource companies in the oil and gas, mineral and renewable energy sectors.

The syndicate of agents was co-led by RBC Capital Markets and CIBC World Markets Inc., and included BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Scotia Capital Inc., Canaccord Financial Ltd., Dundee Securities Corporation, Raymond James Ltd., Macquarie Capital Markets Canada Ltd., Manulife Securities Incorporated, Burgeonvest Bick Securities Limited, Desjardins Securities Inc., Industrial Alliance Securities Inc., Jory Capital Inc., Laurentian Bank Securities Inc., M Partners Inc., Mackie Research Capital Corporation and Wellington West Capital Markets Inc.

The partnership was represented by Ryan Caughey, General Counsel with the partnership, and a team from Macleod Dixon LLP including Marvin Singer, Robert Eberschlag, Morris Popowich (corporate/securities), Vera Vynohrad (banking) and Edward Heakes and Ryan Shewchuck (tax).

The agents were represented by a team from Blake, Cassels & Graydon LLP including Jeff Glass, Anoop Dogra, David Palumbo (corporate/securities) and Kevin Zimka and John Leopardi (tax).

Lawyer(s)

Ryan M. P. Shewchuk Kevin Zimka Marvin J. Singer Robert W. Eberschlag John Leopardi David Palumbo Anoop Dogra Jeff Glass Edward A. Heakes Ryan Caughey Vera Vynohrad Morris Popowich