TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Flow-Through Limited Partnership (the “Partnership”) has completed the first closing related to its Offering of Class A and Class F limited partnership units (the “Units”) pursuant to a prospectus dated January 30, 2023. The Partnership issued 677,674 Units for gross proceeds of $16,941,850. The Partnership will have a second closing with respect to the Units on or about March 23, 2023. The units are offered at a subscription price of $25.00 per unit with a minimum subscription of 100 units ($2,500).

The partnership intends to provide liquidity to limited partners through a tax-advantaged transfer to the Ninepoint Resource Fund Class during the period between January 15, 2025 and February 28, 2025.

INveStimeNT OBeverCTI have from THe PArtNahSHIP

The investment objective of the Partnership is to achieve capital appreciation and significant tax benefits for limited partners by investing in a diversified portfolio of flow-through equities (as defined in the prospectus) and other securities of resource issuers (as defined in the prospectus), if any. Investments made with the proceeds from the units are made with resource issuers throughout Canada.

attrActI have TAxe–Reyouction BeNefITS

Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Ninepoint anticipates that investors participating in the partnership will be entitled to a tax deduction of approximately 100% of the amount invested.

RegardingSoandRCe EXPeRTise

The partnership is managed by Sprott Asset Management LP (“Sprott”), one of Canada’s leading investment advisors to small and mid-cap resource companies. Over the course of its long history of investing in the resource sector, Sprott has developed relationships with hundreds of companies. Its experienced team of portfolio managers is supported by a team of technical experts with an extensive background in…