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Message: Re: Wellington West - BUY Rating - 4.75 Target

Thanks for that link Lunch, it is all now starting to make a little more sense. I have been reading the prospectus and Dundee sure seems to find ways to keep milking the herd. Sooner or later I hope they will put some lipstick on the pig and send her to market.

A majority of the directors and officers of the General Partner are also directors and officers of Dundee Securities Corporation or affiliates thereof. Dundee Securities Corporation (and the other Agents) will receive a fee of 7% for each Unit they sell in connection with this Offering as described under ‘‘Plan of Distribution’’. In certain circumstances, Dundee Securities Corporation (and the other Agents) may be entitled to receive fees and, in some cases, rights to purchase shares in connection with the sale of Flow-Through Shares to the Partnership. Subject to the restrictions set forth in the Partnership’s investment guidelines, the Partnership may invest in Related Issuers as well as ‘‘related issuers’’ or ‘‘connected issuers’’ of Dundee Securities Corporation for the purpose of applicable securities laws. The General Partner and Dundee Securities Corporation participated in the decision to create the Partnership and, along with CIBC World Markets Inc. and RBC Dominion Securities Inc., participated in the decision to distribute the Units pursuant to this prospectus and determined the terms of this Offering. Dundee Securities Corporation, CIBC World Markets Inc., RBC Dominion Securities Inc. and the remaining Agents participated in the due diligence activities performed in connection with this Offering. See ‘‘Plan of Distribution’’.

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