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01/01/2007
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2006 Record Year
January 1, 2007: Toronto-based MineralFields Group and Pathway Asset Management (including EnergyFields Group) announced a record increase in assets in 2006– total investor subscriptions in 2006 were in excess of $105 million, representing an almost 200 % increase over the figure in 2005. Pathway-MineralFields-EnergyFields have raised a total of over $171 million since inception, and currently have over $120 million under administration.
As a result of having an experienced national wholesaler distribution force that is active from coast to coast (now including Quebec), and with the recent signup of several national dealer organizations, Pathway-MineralFields-EnergyFields expect to set a new record in 2007, their 6th year of operation. According to Joe C. Dwek, C.A., President of Pathway-MineralFields-EnergyFields “We expect to raise investor subscriptions approaching $300 million in 2007, given our track record and the fact that we are one of Canada’s fastest growing companies. This same time last year I predicted we would approach $100 million in investor subscriptions in 2006, and we surpassed this at $105.5 million. We like to under-promise and over-deliver …”.
With two experienced mining analysts (Ronald J. Wortel, P.Eng. MBA and Barbara Y. Thomae, P. Geo), an experienced oil and gas analyst (Grahame Notman), the services of legendary technical analyst Horst Mueller of Mueller Behavioural Analytics, an exclusive advisory relationship with the respected geological and engineering consulting firm of Watts, Griffis and McOuat Limited (“WGM”), and portfolio manager Paget Warner of Pathway Investment Counsel Inc., Pathway-MineralFields-EnergyFields is unique in its four-tiered approach to investment selection and due diligence. The exceptional investment returns speak for themselves, including one fund from 2005 that doubled in value in 5 months, and represented an after-tax return to investors of 325.98 % before capital gains, and 227.13 % once capital gains are factored in.
Pathway-MineralFields-EnergyFields reminds investors that it is prudent to start making plans for flow-through tax-advantaged investing in the resource sector earlier in the year, as many investors wait until the very last minute in December to make investment decisions – contact should be established with us early. In particular, MineralFields and Pathway caution investors that the super flow-through tax credit is set to expire on March 31, 2007, so it makes sense to invest in January and February to take advantage of this special tax break (15 % federal tax credit, as well as additional provincial tax credits in B.C., Ontario and Manitoba of 20 %, 5 % and 10 %, respectively).
We thank the thousands of investors and their financial advisors all across Canada who once again made 2006 a very successful year for Pathway-MineralFields-EnergyFields, and wish everyone a happy and prosperous new year !
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