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CALGARY, November 24, 2006 - Overlord Financial Inc. announced today that Catapult Energy Small Cap FTS Limited Partnership (the "Partnership") has completed the second and final closing of its initial public offering. The Partnership issued a total of 308,212 limited partnership units at $25.00 per unit for gross proceeds of approximately $7.7 million.
The Offering was co-led by Canaccord Capital Corporation and CIBC World Markets Inc., and the syndicate of agents included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., Blackmont Capital Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Peters & Co. Limited, Raymond James Ltd., FirstEnergy Capital Corp., Haywood Securities Inc., Jennings Capital Inc. and Laurentian Bank Securities Inc.
The Partnership's investment objectives are to: (a) achieve capital appreciation through investment in a diversified portfolio of equity securities of select small cap Resource Issuers identified by Catapult Financial Management Inc., the Partnership's investment advisor, and (b) maximize tax benefits for investors by purchasing Flow-Through Shares of Resource Issuers. The Partnership will invest primarily in Resource Issuers that will incur Canadian Exploration Expense ("CEE") and that are engaged in oil and gas exploration and development, including the oil sands sector. For more information on the Partnership's investment strategy, criteria and restrictions, please see the Partnership's prospectus at www.sedar.com.
Catapult Energy 2006 Inc. is the general partner of the Partnership and is a wholly-owned subsidiary of Overlord Financial Inc. (TSXV: OFI).
Overlord Financial Inc. ("Overlord") 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:
Catapult Energy 2006 Inc.
Eric Tremblay
Chief Executive Officer
(403) 770-4817
Joanne A. Hruska
President
(403)770-4814
Larry Titley
Chief Financial Officer
(403)770-4808
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