/NOT FOR DISTRIBUTION IN THE UNITED STATES OR UNITED STATES WIRE
VANCOUVER, March 2 /CNW/ - Canadian Small Cap Resource Fund 2007 No. 1
Limited Partnership ("CSCRF 2007") is pleased to announce that it has filed
and has received a receipt from the securities regulators for a preliminary
prospectus relating to the initial public offering of units of CSCRF 2007 (the
"Units"). The CSCRF 2007 offering is being made on a commercially reasonable
efforts agency basis by a syndicate led by Blackmont Capital Inc. and
including TD Securities Inc., Berkshire Securities Inc., Canaccord Capital
Corporation, Raymond James Limited, Pacific International Securities Inc., IPC
Securities Corp., Jory Capital Inc., Leede Financial Markets Inc. and Union
Securities Ltd. The offering will be made available in Nova Scotia, Ontario,
Manitoba, Saskatchewan, Alberta and British Columbia.
The offering will be for a maximum of $25,000,000 and a minimum of
$5,000,000. The Units will be priced at $10.00 per Unit, with a minimum
subscription of 250 Units ($2,500).
The investment objective of the CSCRF 2007 is to invest in Flow-Through
Shares of Junior and Small Cap Resource Issuers engaged in mineral or oil and
gas exploration in Canada, with a view to maximizing the tax benefit of an
investment in Units. It is expected that substantially all of the investment
in the Units will be fully tax deductible, with approximately 98% (assuming
the minimum offering) of the deduction available in 2007.
For further information on the Canadian Small Cap Resource Funds and our
flow-through limited partnerships, visit our website, www.cscrf.ca.
On the behalf of the General Partner:
Chief Executive Officer
A preliminary prospectus relating to these securities has been filed with
securities commissions in certain of the provinces 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 of such provinces of Canada prior to the time a receipt for
the final prospectus or other authorization is obtained from the securities
commission in such province.
For further information:
For further information: Stephen Wilkinson, Chief Executive Officer,