Stone 2007 Flow-Through Limited Partnership

Stone 2007 Flow-Through Limited Partnership

February 28, 2007 12:05 ET

Stone 2007 Flow-Through Limited Partnership Completes Closing of IPO

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 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 Flow-Through Limited Partnership ("Stone 2007 FTLP"), announced today that Stone 2007 FTLP has completed its initial public offering on February 27, 2007, and raised gross aggregate proceeds of $21,588,200, representing 863,528 limited partnership units at $25 per unit.

Stone 2007 FTLP filed a final prospectus dated January 29, 2007 with securities regulatory commissions and regulatory authorities in all provinces and territories of Canada. Stone 2007 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 including, BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Wellington West Capital Inc., Berkshire Securities Inc., Canaccord Capital Corporation, Blackmont Capital Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Raymond James Ltd.

SAM, the investment advisor for Stone 2007 FTLP, has acted as the investment advisor to five prior Stone Flow-Through Limited Partnerships ("Prior Stone FTLPs") which have raised aggregate gross proceeds in excess of $103 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 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.

Contact Information

  • Stone Investment Group Limited
    Brian Edelstein
    Director, Investor Relations
    (416) 867-2536 or Toll Free: 1-800-336-9528
    Email: briane@stoneco.com
    Website: www.stoneco.com