Stone 2009 Flow-through Limited Partnership

November 18, 2009 16:27 ET

Stone 2009 Flow-Through Limited Partnership Closes $6.8 Million IPO

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2009) - Stone 2009 Flow-Through GP Inc., on behalf of the Stone 2009 Flow-Through Limited Partnership (the "Stone 2009 FTLP"), is pleased to announce that on November 18, 2009 Stone 2009 FTLP completed its initial public offering and raised gross aggregate proceeds of $6,756,075, representing 270,243 limited partnership units at $25 per unit.

Stone 2009 FTLP has been formed to invest primarily in flow-through shares of resource issuers engaged in oil and gas and mineral exploration in Canada with a view to the preservation of capital and achieving capital appreciation of Stone 2009 FTLP's investments.

Stone Asset Management Limited ("SAM") will act as Portfolio Advisor to the Stone 2009 FTLP and will, prior to December 31, 2009, endeavour to invest the gross aggregate proceeds primarily in flow-through shares of resource issuers for which the limited partners of Stone 2009 FTLP may be entitled to claim certain tax deductions and credits.

The offering was made by a syndicate of agents led by National Bank Financial Inc. and included CIBC World Markets Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Manulife Securities Incorporated, Raymond James Ltd., Wellington West Capital Markets Inc., Blackmont Capital Inc., HSBC Securities (Canada) Inc., Burgeonvest Bick Securities Limited, GMP Securities L.P., M Partners Inc. and Research Capital Corporation.

SAM has acted as the portfolio advisor to nine prior Stone Flow-Through Limited Partnerships (the "Prior Stone FTLPs") which have raised aggregate gross proceeds in excess of $170,000,000. 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 2009 FTLP.

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