Stone 2007-II Flow-Through Limited Partnership

Stone 2007-II Flow-Through Limited Partnership

September 27, 2007 16:50 ET

Stone 2007-II Flow-Through Limited Partnership Files Final Prospectus

TORONTO, ONTARIO--(Marketwire - Sept. 27, 2007) -


Stone Asset Management Limited ("SAM"), on behalf of the Stone 2007-II Flow-Through Limited Partnership (the "Partnership"), has filed a final prospectus dated September 25, 2007 (the "Final Prospectus") 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 Partnership proposes to raise up to $25 million by issuing up to 1,000,000 limited partnership units ("Units") at $25 per Unit. The Partnership will, prior to December 31, 2007, endeavor to invest all proceeds available for investment in flow-through shares of resource companies for which the limited partners of the Partnership may be entitled to claim certain tax credits and deductions as described in the Final Prospectus. It is expected that the initial closing will occur on or before October 18, 2007.

The offering is made by a syndicate of agents co-led by National Bank Financial Inc. and CIBC World Markets Inc. and including 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 of the Partnership, and Stone & Co. Limited ("SCL"), an affiliate of SAM, have promoted six prior flow-through limited partnerships which raised gross aggregate proceeds in excess of $125 million. SAM currently manages the Stone 2006 Flow-Through Limited Partnership, the Stone 2006-II Flow-Through Limited Partnership and the Stone 2007 Flow-Through Limited Partnership (the "Prior Stone FTLPs"). SCL has acted as the promoter and administrator of the Prior Stone FTLPs and will be the administrator of the Partnership.

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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