Hesperian Capital Management Ltd. Announces Amendment to the Norrep Funds' Prospectus



    
    Initial Minimum Investment Amount Changed to $5,000
    Subsequent Minimum Investment Amount Changed to $1,000
    

    CALGARY, Sept. 11 /CNW/ - Hesperian Capital Management Ltd.
("Hesperian"), the manager of a strategically focused group of public mutual
funds under Norrep Opportunities Corp. (the "Norrep Funds"), announced that it
has amended the Norrep Funds' Simplified Prospectus, dated May 20, 2008, to
change the initial minimum investment amount for the Norrep Funds from $10,000
to $5,000. The subsequent minimum investment amount was also changed from
$5,000 to $1,000.
    "The federal government's introduction of the Tax Free Savings Account,
or TFSA, on January 1, 2009 is an exciting development for our current and
future clients. By adjusting the initial and subsequent minimum investments,
Hesperian is taking an important step to support our clients who intend to
maximize the TFSA opportunity," explained Randal L. Oliver, Hesperian's Chief
Investment Officer.
    The TFSA will offer Canadians a superior option to a regular savings
account and a tax-efficient savings vehicle for those who have maximized their
RRSP contributions. The TFSA will allow individuals to save up to $5,000 a
year in an investment account setup through their investment professional. The
dividends, investment income and capital gains earned in the TFSA will not be
taxable. Although there is no upfront tax deduction, withdrawals are tax-free
and individuals can re-contribute to replace funds withdrawn.

    Hesperian is a Calgary-based investment firm with over $700 million in
assets under management. Please visit www.hesperiancapital.com for detailed
information on Hesperian and the Norrep Funds.

    Certain information set forth in this press release, including a
discussion of future plans and operations, contains forward-looking statements
that involve substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and uncertainties,
some of which are beyond management's control, including but not limited to,
the impact of general economic conditions, industry conditions, fluctuation of
commodity prices, fluctuation of foreign exchange rates, environmental risks
industry competition, availability of qualified personnel and management,
stock market volatility, timely and cost effective access to sufficient
capital from internal and external sources. Actual results, performance or
achievement could differ from those expressed in or implied by these
forward-looking statements.

    %SEDAR: 00017183E




For further information:

For further information: Richard Rohan, Vice President of Business
Development, Hesperian Capital Management Ltd, (403) 537-5709,
richard@hesperiancapital.com

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NORREP

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