Stone 2007-II Flow-Through Limited Partnership

Stone 2007-II Flow-Through Limited Partnership

October 19, 2007 16:02 ET

Stone 2007-II Flow-Through Limited Partnership Completes Closing of IPO

TORONTO, ONTARIO--(Marketwire - Oct. 19, 2007) -

THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES

Stone Asset Management Limited ("SAM"), on behalf of Stone 2007-II Flow-Through Limited Partnership ("Stone 2007-II FTLP"), announced today that Stone 2007-II FTLP has completed its initial public offering, and raised gross aggregate proceeds of $25,000,000, representing 1,000,000 limited partnership units at $25 per unit.

Stone 2007-II FTLP filed a final prospectus dated September 25, 2007 with securities regulatory commissions and regulatory authorities in all provinces and territories of Canada. Stone 2007-II FTLP has been formed to invest in flow-through shares of resource issuers engaged primarily in oil and gas and mineral exploration in Canada with a view to the preservation of capital and achieving capital appreciation of its investments.

The offering was made by a group of securities dealers led by National Bank Financial Inc. and CIBC World Markets Inc., and included BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Wellington West Capital Inc., Berkshire Securities Inc., Blackmont Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Burgeonvest Securities Ltd., IPC Securities Corporation, Jory Capital Inc., Richardson Partners Financial Ltd., Rothenberg Capital Management Inc. and Sanders Wealth Management Group Ltd.

SAM, the investment advisor for Stone 2007-II FTLP, has acted as the investment advisor to six prior Stone Flow-Through Limited Partnerships (the "Prior Stone FTLPs") which have raised aggregate gross proceeds in excess of $125 million. Stone & Co. Limited, a company related to SAM, has acted as the administrator of the Prior Stone FTLPs and will act as the administrator for the Stone 2007-II FTLP.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This offering is made by prospectus only and copies thereof may be obtained from any of the dealers listed above as may lawfully offer these securities in such province or territory or by contacting Stone & Co. Limited toll-free at 1.877.812.0792.

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