Stone 2007 Flow-Through Limited Partnership

Stone 2007 Flow-Through Limited Partnership

January 04, 2007 12:01 ET

Stone 2007 Flow-Through Limited Partnership Files Preliminary Prospectus

TORONTO, ONTARIO--(CCNMatthews - Jan. 4, 2007) - Stone Asset Management Limited ("SAM"), on behalf of the Stone 2007 Flow-Through Limited Partnership (the "Partnership"), has filed a preliminary prospectus dated December 20, 2006 with the Canadian securities regulatory authorities in each of the provinces and territories of Canada. 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.

The Partnership has been formed to invest in flow-through shares of companies engaged primarily in oil and gas and mineral exploration in Canada with a view to the preservation of capital and achieving capital appreciation of the Partnership's investments.

The offering will be made by a group of agents 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 of the Partnership, and Stone & Co. Limited ("SCL"), an affiliate of SAM, have promoted five prior flow-through limited partnerships which raised gross aggregate proceeds in excess of $104 million. SAM currently manages the Stone 2005 Flow-Through Limited Partnership, the Stone 2006 Flow-Through Limited Partnership and the Stone 2006-II 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.

A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in any such province and territory.

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