NCE Diversified Flow-Through (07-2) Limited Partnership

September 20, 2007 16:01 ET

NCE Diversified Flow-Through (07-2) Limited Partnership Files Final Prospectus for a $50 Million Maximum Offering

TORONTO, ONTARIO--(Marketwire - Sept. 20, 2007) - NCE Resources Group is pleased to announce that a final prospectus for NCE Diversified Flow-Through (07-2) Limited Partnership (the "Partnership") has been filed with the securities commissions and regulatory authorities in each of the provinces and territories of Canada.

Flow-through shares

The Partnership has been created for the purpose of investing in flow-through shares of resource issuers engaged either in oil and gas exploration, development and/or production, or mineral exploration, development and/or production; or to a lesser extent, resource issuers involved in renewable energy exploration and development which qualify for Canadian renewable and conservation expenses. The actual allocation of the Partnership's investment portfolio will be determined based on the investment opportunities available during the investment period. The Partnership will endeavour to invest all proceeds available for investment by December 31, 2007.

Objective of the Partnership

The objective of the Partnership is to achieve capital appreciation and to maximize the tax benefits received by investors.

Tax benefits

Investors will be eligible to receive tax benefits through participation in the Partnership, including an approximately 100% deduction in 2007 of the amount of their investment based on completion of the maximum offering and on certain other assumptions as set forth in the prospectus.

Offering price

The price per unit is $25.00 with a minimum subscription of 200 units ($5,000).

Closing

The closing is expected to occur on or about September 27, 2007.

Investment advisor

The general partner has retained Sentry Select Capital Corp. ("Sentry Select") to select potential investments and to provide advice on and manage the investment portfolio of the Partnership. Sentry Select is a Canadian wealth management company that manages approximately $8 billion in gross assets as of August 31, 2007. Sentry Select offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 29 reporting issuers, Sentry Select is the manager and/or advisor to more Toronto Stock Exchange-listed entities than any other investment manager. In addition, Sentry Select manages and/or provides advisory services to four reporting issuers listed on the TSX Venture Exchange.

Management

The general partner is a corporation formed under the laws of the Province of Ontario. The general partner is a member of the NCE Resources Group, which is an oil and gas investment management organization specializing in energy investments and providing a full range of technical, operational, administrative and investor services. Since 1984, the NCE Resources Group has invested or managed the investment of approximately $4 billion in the acquisition, development and exploration of resource properties and securities of resource issuers, and has entered into drilling, joint venture and other similar arrangements with oil and gas industry participants.

Agents

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

This press release contains forward-looking statements. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and NCE Resources Group undertakes no obligation to update such statements except as required by law.



The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 861-8729
Fax: (416) 364-5615


Contact Information

  • NCE Diversified Flow-Through (07-2) Limited Partnership
    Investor Services (broker/investor inquiries)
    1-888-246-6656
    or
    NCE Diversified Flow-Through (07-2) Limited Partnership
    Kinga Lam (media inquiries)
    1-888-246-6656
    (416) 364-1197 (FAX)
    Email: info@sentryselect.com
    Website: www.sentryselect.com