Norrep Performance 2007 Flow-Through Limited Partnership Raises $4,460,000 Million in Third and Final Closing



    CALGARY, March 30 /CNW/ -

    
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    Calgary               Norrep 2007 Management Inc. announced today that
                          Norrep Performance 2007 Flow-Through Limited
                          Partnership completed the third and final closing
                          of its initial public offering of limited
                          partnership units.
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    Total gross proceeds  On March 30, 2007 Norrep Performance 2007
                          Flow-Through Limited Partnership issued 446,000
                          limited partnership units at $10.00 per unit for
                          gross proceeds of $4,460,000. Norrep Performance
                          2007 Flow-Through Limited Partnership has now
                          raised, over three closings, total gross proceeds
                          of $81,419,700.
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    Flow-through shares   Norrep Performance 2007 Flow-Through Limited
                          Partnership has been organized to invest in flow-
                          through shares of resource companies, with the
                          objective of achieving capital appreciation for
                          limited partners.
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    Management            Management of Norrep 2007 Management Inc., the
                          general partner, has managed or manages eight other
                          flow-through limited partnerships that were formed
                          to invest in flow-through shares of resource
                          companies. Including Norrep Performance 2007
                          Flow-Through Limited Partnership, these
                          partnerships have raised total gross proceeds of
                          approximately $380 million.
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    Agents                The offering was led by BMO Capital Markets and
                          included CIBC World Markets Inc., Richardson
                          Partners Financial Limited, TD Securities Inc.,
                          Blackmont Capital Inc., Canaccord Capital
                          Corporation, Berkshire Securities Inc., Bieber
                          Securities Inc., HSBC Securities (Canada) Inc.,
                          Raymond James Ltd. and Wellington West Capital Inc.
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    %SEDAR: 00024748E




For further information:

For further information: Norrep 2007 Management Inc., Suite 175,
601-10th Avenue S.W., Calgary, AB, T2R 0B2; Contact, Randy Oliver,
randy@hesperiancapital.com; or Bill Koenig, bill@hesperiancapital.com;
Website: www.hesperiancapital.com

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