/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER US WIRE SERVICES/
TORONTO, June 4 /CNW/ - Mr. Jean-Guy Masse, President of Northern
Precious Metals Management Inc., is pleased to announce that Northern Precious
Metals 2007 Limited Partnership (the "Partnership") completed the first
closing of its initial public offering on May 31, 2007. The total number of
limited partnership units issued under the first closing was 1,452 at $1,000
per unit, resulting in total proceeds raised for the Partnership of
$1,452,000. The 2007 Offering is the fifth consecutive year in which Northern
Precious Metals Management has closed a flow-through share limited
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 is acting as lead agent for the
offering. The Partnership units are offered for sale to the public in all the
provinces of Canada pursuant to a prospectus dated April 30, 2007 and can be
purchased through any Investment Dealer in those provinces. A copy of the
Final Prospectus can be found at www.sedar.com.
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation to buy the securities referred
to herein. This offering is made by prospectus only and copies thereof may be
obtained from Secutor Capital Management Corporation.
For further information:
For further information: Secutor Capital Management Corporation: Mr.
Frank Jacobs, (416) 545-1015