MSP 2007 Resource Limited Partnership completes $75 million initial public offering



    TORONTO, March 1 /CNW/ - MSP 2007 GP Inc. is pleased to announce that MSP
2007 Resource Limited Partnership (the "Partnership") has completed the second
closing of its initial public offering of limited partnership units. The
Partnership issued an additional 358,361 limited partnership units at a price
of $25.00 each for gross proceeds of $8,959,025. Including the first closing,
the total amount raised by the Partnership is $75 million, which was the
maximum amount of the offering.
    The Partnership's investment objectives are to maximize total return for
limited partners, and to provide significant tax benefits for limited
partners, through investments in flow-through shares of resource issuers
engaged primarily in oil and gas or mining exploration and development or
other energy production. MSP 2007 GP Inc., the general partner of the
Partnership, expects limited partners to receive tax deductions equal to 100%
of the gross proceeds of the offering for the 2007 taxation year.
    The Partnership intends to achieve these objectives by investing in a
diversified portfolio comprised primarily of flow-through shares of resource
issuers, so that limited partners will be entitled to claim certain deductions
for income tax purposes for the 2007 taxation year. The Partnership may also
hold warrants or other securities of resource issuers, and cash and/or cash
equivalents.
    Fred Sturm, Executive Vice-President and Chief Investment Strategist of
Mackenzie Financial Corporation, will lead a team of professionals providing
investment advisory and portfolio management services to the Partnership. Mr.
Sturm and his team currently manage MSP 2006 Resource Limited Partnership and
MSP 2005 Resource Limited Partnership, and were the portfolio managers for
Mackenzie 2004 Resource Limited Partnership, three partnerships with
investment objectives and strategies substantially similar to those of this
Partnership.

    MSP 2007 GP Inc. is a wholly-owned subsidiary of Mackenzie Financial
Corporation, a part of IGM Financial Inc. (TSX:IGM) and a member of the Power
Financial Corporation group of companies and the manager of the Partnership.
Mackenzie, founded in 1967, manages approximately $62.5 billion of assets for
more than one million investors.
    The offering is being made through a syndicate of agents co-led by CIBC
World Markets Inc. and RBC Capital Markets and including BMO Capital Markets,
National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC
Securities (Canada) Inc., Canaccord Capital Corporation, Dundee Securities
Corporation, Raymond James Ltd., Berkshire Securities Inc., Blackmont Capital
Inc., Desjardins Securities Inc., IPC Securities Corporation and Wellington
West Capital Inc.
    To learn more, contact your financial advisor or visit the MSP website at
www.mackenziefinancial.com/msp.





For further information:

For further information: Catharine Marion or Mike Langdon, Environics
Communications Inc., (416) 969-2709, (416) 969-2820, cmarion@environicspr.com,
mlangdon@mackenziefinancial.com


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