Brompton 2008 Flow-Through LP

Brompton 2008 Flow-Through LP

May 01, 2008 14:27 ET

Brompton 2008 Flow-Through LP Announces Third Closing

TORONTO, ONTARIO--(Marketwire - May 1, 2008) - Brompton Funds Management Limited (the "Manager") is pleased to announce the completion of the third closing for 88,437 units of the Brompton 2008 Flow-Through LP (the "Partnership"), for gross proceeds of $2,210,925. Total gross proceeds raised to date are $7,420,300.

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 & 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 2008 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 $4.3 billion, which includes approximately $900 million in resource companies as at December 31, 2007. Morrison Williams is also the portfolio manager of the Renaissance Millennium Next Generation Fund, the Renaissance Millennium High Income Fund, and the Brompton 2007 Flow-Through LP.

The syndicate of agents for the offering is co-led by RBC Capital Markets 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., Research Capital Corporation, Richardson Partners Financial Limited, Wellington West Capital Inc., Blackmont Capital Inc., Desjardins Securities Inc. and IPC Securities Corporation.

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 prospectus before investing. 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