Brompton 2007 Flow-Through LP

Brompton 2007 Flow-Through LP

October 31, 2007 13:40 ET

Brompton 2007 Flow-Through LP Completes Final Closing

TORONTO, ONTARIO--(Marketwire - Oct. 31, 2007) - Brompton Funds Management Limited (the "Manager") is pleased to announce the completion of the final closing for 471,456 units of the Brompton 2007 Flow-Through LP (the "Partnership"), for gross proceeds of $11,786,400. Including the proceeds of this second and final closing, the gross proceeds raised by the Partnership are $21,347,400.

The Partnership has been created to provide investors with the opportunity for capital appreciation by investing, on a tax-advantaged basis, in a diversified portfolio of resource issuers engaged in the oil and gas and mining sectors. The Partnership will seek to achieve this objective by investing in flow-through shares of resource issuers such that limited partners will be entitled to claim certain deductions from their taxable income. The Manager expects investors to receive tax deductions equal to 100% of the amount invested for the 2007 taxation year.

Morrison Williams Investment Management LP ("Morrison Williams") has been engaged by the Manager as the portfolio manager to the Partnership. Morrison Williams offers discretionary investment management services to pension funds, mutual funds, high net worth individuals and other third parties and has total assets under management of approximately $4.5 billion, which includes approximately $1.1 billion in resource companies. In addition, officers and directors of Brompton have over 20 years of experience in the financing of flow-through shares and the management of flow-through funds. Accordingly, the Manager will assist Morrison Williams in sourcing investment opportunities for the Partnership.

The syndicate of agents for the offering is being co-led by RBC Dominion Securities Inc. and CIBC World Markets Inc. and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Blackmont Capital Inc., Desjardins Securities Inc., Research Capital Corporation, Wellington West Capital Inc., IPC Securities Corporation, and Richardson Partners Financial Limited.

For further information, please contact your financial advisor or visit our website at www.bromptongroup.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Brompton Funds Management Limited
    David Roode
    Senior Vice President
    (416) 642-6008
    Website: www.bromptongroup.com