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Initial Public Offering – Maximum $20,000,000
CALGARY, September 14, 2006 - Calgary-based Overlord Financial Inc. (TSXV: OFI) is pleased to announce that it has filed a preliminary prospectus relating to the initial public offering of Catapult Energy Small Cap FTS Limited Partnership (the “Partnership”) Units. The offering will be made in each of the provinces of Canada.
The objectives of the Partnership are to provide investors with capital appreciation and maximize tax benefits. The Partnership intends to achieve these objectives by investing in a portfolio of flow-through common shares of junior oil and gas companies with a market capitalization of less than $250 million. The Partnership expects investors to receive tax deductions equal to 100% of the amount invested for the 2006 taxation year.
The syndicate of agents for the offering is being co-led by Canaccord Adams and CIBC World Markets Inc., and includes BMO Nesbitt Burns, National Bank Financial, Scotia Capital, Blackmont Capital, Dundee Securities, HSBC Securities, Peters & Co., Raymond James, FirstEnergy Capital, Haywood Securities, Jennings Capital and Laurentian Financial.
The General Partner, Catapult Energy 2006 Inc., a wholly-owned subsidiary of Overlord Financial Inc., will be responsible for developing and implementing all aspects of the Partnership’s communications, marketing and distribution strategies and managing the ongoing business and administrative affairs of the Partnership.
Overlord Financial Inc. is a Calgary-based investment manager specializing in energy. Overlord’s areas of expertise include junior oil and gas investments (public and private), energy income trusts, the management of oil and gas properties and other structured products.
For further information concerning this press release, please contact:
Eric Tremblay
Executive Chairman
Overlord Financial Inc.
(403) 770-4817
Larry Titley
Vice President and CFO
Overlord Financial Inc.
(403) 770-4808
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law.
A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, no shall there be any sale or any acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in any such province.
