/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER US WIRE SERVICES/
TORONTO, Dec. 17 /CNW/ - Mr. Jean-Guy Masse, President of Northern
Precious Metals Management Inc., is pleased to announce the final closing of
the Northern Precious Metals 2007-II Limited Partnership (the "Partnership").
The total number of limited partnership units issued was 11,555 at $1,000 per
unit, resulting in total proceeds raised for the Partnership of $11,555,000.
This is the fifth consecutive year in which Northern Precious Metals
Management has closed a flow-through share limited partnership.
The proceeds of the offering will be invested in flow-through shares of
Canadian mining companies. Limited Partners will be entitled to claim certain
deductions from income and investment tax credits for the 2007 taxation year.
The Partnership's investment objective is to provide limited partners
with a tax-assisted investment in a portfolio of flow-through shares of mining
companies with a view to achieving capital appreciation for limited partners.
Secutor Capital Management Corporation acted as lead agent for the
offering, with other IDA member firms forming the selling group. The
Partnership units were offered for sale to the public in all the provinces of
Canada pursuant to a prospectus dated October 15, 2007.
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation to buy the securities referred
For further information:
For further information: Secutor Capital Management Corporation: Mr.
Frank Jacobs, (416) 545-1015