Creststreet is a performance driven, independent asset management firm, founded on the premise that commodities are an increasingly scarce resource that will increase in value over time, providing attractive long-term investment opportunities.
Since its inception in 2000, Creststreet has raised over $1 billion for resource investments. Creststreet has built a committed investment management team with more than 30 years of combined resource investment experience. Creststreet seeks to provide its investors superior, risk adjusted returns in unique core and specialty products by combining our rigorous internal research processes with our active portfolio management style.
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Flow-through shares are common shares subscribed for from the treasury of a company engaged in resource exploration in Canada. The shares are purchased pursuant to an agreement that provides that, in addition to issuing common shares, the resource company agrees to "flow-through" tax deductions related to resource exploration and or development equal to the purchase price of the flow-through shares. The Canadian Income Tax Act has special provisions which allow flow-through shares and set out the laws and regulations by which flow-through shares must operate. Flow-through shares are typically purchased at a premium to the market price of the resource company's common shares as compensation for the benefit of tax deductions renounced by the resource company to the flow-through share subscriber. Flow-through shares are often subject to resale restrictions of four months as they are typically issued exempt from prospectus disclosure requirements pursuant to provincial securities laws and regulations. Issuing flow-through shares is considered an attractive means of financing Canadian exploration expenditures by resource companies who have significant tax deductions available to them. |
