NEWS FROM THE GENERAL PARTNER
October 12, 2007
Dear Limited Partners,
The stock certificates of the Mining companies in which we have invested in 2006, have been handed out to the transfer agents for split according to your investment.
As for the subscription bonds, they will be split by the Mining companies themselves. If we take into consideration the delays concerning the production and the registration of the split certificates and the usual delays of courier, you should receive from CGE Resources your stock certificates and your subscription bonds towards the end of October.
On another note, we have received the Opinions of our tax specialists of Raymond Chabot Grant Thornton and our lawyers from Stein Monast concerning the distribution of assets of CGE Resources Limited Partnership. The complete operation of the distribution of assets is well on its way.
Sincere Regards,
CGE RESOURCES LIMITED PARTNERSHIP (2006)
DISTRIBUTION OF ASSETS
CGE Resources Limited Partnership (2006)
Following the Extraordinary Assembly held by the limited partners last August 2nd at 11h00 in the offices of Desjardins Ducharme L.L.P. located at 600 de la Gauchetiere West, suite 2400, Montreal, Quebec, it was decided that:
according to the vote of 78% of the units held by the limited partners present or represented by proxy at the assembly, in favor of the adoption of the section "distribution of assets of the Limited Partnership" in the days schedule, the CGE Resources Limited Partnership would be dissolved and the assets would be distributed according to the terms of disposition in the limited partnership agreement.
The President of the CGE Resources Limited Partnership, Mr. Clément C. Gagnon, is currently engaged in the process of the distribution of assets of the Limited Partnership alongside the professionals of Stein Monast (previously Desjardins Ducharmes) and Raymond Chabot Grant Thornton, and will ensure that all the necessary documents will be available to the limited partners and all financial means necessary for the distribution of assets are met.
The Limited Partners shall receive shortly their share certificates and their warrants registered in their name.