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CALGARY, October 24, 2006 - Calgary-based Overlord Financial Inc. (TSXV: OFI) is pleased to announce that it has filed a final prospectus relating to the initial public offering of Catapult Energy Small Cap FTS Limited Partnership (the "Partnership") Units. The minimum offering size of $5 million has been exceeded and the first closing is planned for October 31, 2006.
The objectives of the Partnership are to provide investors with capital appreciation and to 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 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 Bank Securities.
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.
