Stone 2008 Flow-Through Limited Partnership

Stone 2008 Flow-Through Limited Partnership

June 12, 2008 17:09 ET

Stone 2008 Flow-Through Limited Partnership Closes $19M IPO

TORONTO, ONTARIO--(Marketwire - June 12, 2008) - Stone 2008 Flow-Through GP Inc., on behalf of Stone 2008 Flow-Through Limited Partnership (the "Stone 2008 FTLP"), is pleased to announce that on June 10, 2008 Stone 2008 FTLP completed its initial public offering and raised gross aggregate proceeds of $18,990,475, representing 759,619 limited partnership units at $25 per unit.

Stone 2008 FTLP had previously filed a final prospectus dated May 27, 2008 with securities regulatory commissions and regulatory authorities in all provinces and territories of Canada and 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 2008 FTLP's investments.

Stone Asset Management Limited ("SAM") will act as Portfolio Advisor to Stone 2008 FTLP and will, prior to December 31, 2008, endeavour to invest the gross aggregate proceeds primarily in flow-through shares of resource issuers for which the limited partners of Stone 2008 FTLP may be entitled to claim certain tax credits and deductions.

The offering is made by a syndicate of agents led by National Bank Financial Inc. and CIBC World Markets Inc. and including BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Wellington West Capital Inc., Berkshire Securities Inc., Blackmont Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Burgeonvest Securities Ltd., IPC Securities Corporation, Jory Capital Inc., Research Capital Corporation, Richardson Partners Financial Ltd., and Sanders Wealth Management Group Ltd.

SAM has acted as the portfolio advisor to seven prior Stone Flow-Through Limited Partnerships (the "Prior Stone FTLPs") which have raised aggregate gross proceeds in excess of $150 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 2008 FTLP.

For ongoing information regarding Stone 2008 FTLP, please visit the Stone website at www.stoneco.com.

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