CGE Resources Limited Partnership 2007

Legal Documents
Tax Deductions
Priority sectors
Summary of the offering
Distribution of assets

 

First closing session:

November 15, 2007

 

The first closing session of CGE Resources Limited Partnership 2007 was held Thursday, November 15th at 10:30 am, in Montreal, in CGE Capital Inc’s office.

 

Were present, Mr. Richard Provencher, the Limited Partnership's lawyer; Mr. Michel Lebeuf, the broker’s lawyer; Mr. Jean-François Perrault, Corporate Vice President of Union Securities Ltd.; Mr. Alexandre Massie, Vice President of Finance and Administration of CGE General Partner 2007 Inc.; Mrs Sophie Desmarais, Administrative Assistant and Mr. Clement C. Gagnon, President.

 

The second closing session of CGE Resources Limited Partnership 2007 will be held on December 14th, 2007.

 

 

SECOND CLOSING SESSION: DECEMBER 14, 2007

and

Table of Investments for 2007

 

The second closing for CGE Resources Limited Partnership 2007 was held on December 14th 2007 at 2:30 pm, at the office of the General Partner.

 

The share offerings for 2007 totalled $1,966,000, which represents an increase of 16% over the previous year.

 

In 2007, we invested in eight public companies; six were in mining and two in gas.

 

You will find below the Table of Investments for 2007.

 

Company Name	Web site	Stock market symbol	Price as of 12/31/2007
Petrolympic Ltd.	www.petrolympic.com	PCQ (TSX-V)	$0.20
Rolland Energy Ltd.	www.rollandenergy.com	ROE (TSX-V)	$0.055
Normabec Mining Resources Ltd.	www.normabec.com	NMB (TSX-V)	$0.50
Jourdan Resources Inc.	www.jourdan.ca	JRN (TSX-V)	$0.095
Orex Exploration Inc.	www.orexexploration.ca	OX (TSX-V)	$0.0135
Donner Metals Ltd.	www.donner-minerals.com	DON (TSX-V)	$0.50
Uracan Resources Ltd.	www.uracanresources.com	URC (TSX-V)	$0.79
Wesdome Gold Mines Ltd.	www.wesdome.com	WDO (TSX-V)	$1.32

 

Stock quotes of these companies available on Yahoo Finance
following this link:

 

OVERVIEW

 

According to the Memorandum of Offering, the second closing was to be held on December 14th 2007. If not for this set date, we would have finished the year with offerings worth $2.6 million, representing an increase of 53.5% over 2006.

 

For 2008, we plan on raising the funds by way of prospectus, through a syndicate of brokers, which will be offered to all potential limited partners across Canada.

 

All our investments for 2008 will be centered in the province of Quebec only, in order to offer to our limited partners the maximum tax benefits allowed by the Canadian and Quebec tax law.

 

 

CGE Resources Limited Partnership 2007, registered on February 16, 2007, is a limited partnership dedicated to the acquisition of flow-through shares of mining exploration companies listed on a Stock Exchange.

The distribution of assets of CGE Resources Limited Partnership 2007 is expected on or about May 5, 2008.

The public issue will be used for investment purposes in order to acquire flow-through shares of mining, gas and oil resource corporations that carry out development and exploration activities in Quebec and elsewhere in Canada.

Objective: Maximize tax benefits for the limited partners of CGE Resources Limited Partnership 2007 while promoting good financial returns.

OUR ASSESMENT CRITERIAS

1.      Management 2.      Mining properties 3.      Partnerships

4.      Finances, line of credit (capacity to continue operations) 5.     Favorable price of the shares for sponsors