Press Releases

Criterion Investments files preliminary prospectus for Criterion Global Clean Energy Fund

TORONTO, June 27, 2007 – Criterion Investments Limited (“Criterion”) today announces that it has filed a preliminary prospectus for Criterion Global Clean Energy Fund (“the Fund”) with securities regulators across Canada.

The Fund will be invested primarily in common shares and other equity securities of selected issuers involved in the clean energy sector throughout the world.

Criterion believes that the clean energy sector offers attractive return potential because, among other reasons, there is increasing pressure to reduce carbon emissions as concerns about climate change have become prominent on the global political agenda.

The companies targeted will include:

  • Firms in fields of resources, technology & equipment, infrastructure and energy efficiency that contribute to or benefit from the transition to less carbon-intensive energy, and
  • Firms that focus on carbon-free energy (such as solar, wind and hydroelectric); low-carbon energy (such as natural gas and biofuels); and energy efficiency (such as power monitoring and controls and batteries).

Pictet Asset Management SA, of Geneva, Switzerland., will serve as a sub-advisor to the Fund. Both currency-hedged and non-hedged units of the Fund will be offered.

About Criterion

Criterion is committed to creating insightful solutions for everyday Canadian investors. Criterion combines unique investment structures with best-in-class asset managers or strategies typically only available to large institutions and high-net worth individuals. By doing so, it offers retail investors opportunities for access to exclusive asset classes, enhanced yield, tax efficiency and risk reduction. Criterion is an affiliate of VenGrowth Asset Management Inc., one of Canada's premier managers of private equity and alternative investments with a proven track record of success since 1982. For more information, please visit www.criterioninvestments.com

This news release shall not constitute an offer to sell or the solicitation of an offer to buy or shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt of the final prospectus is obtained from such securities regulatory authorities. Important information concerning this offering is contained in the prospectus. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the Fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.