Guardian Group of Funds Ltd. (GGOF) today announced that GGOF 2008-I Mining Flow-Through Limited Partnership has filed a final prospectus for its initial public offering of 2 million limited partnership units.

The maximum gross proceeds of the offering is $50 million. The initial closing of the offering is expected to occur on February 28.

The partnership’s portfolio will be invested primarily in mining issuers listed on Canadian stock exchanges.

GGOF is the manager of the partnership and has retained Jones Heward Investment Counsel Inc. to provide all of the investment counselling and portfolio management services to the partnership. Bill Belovay, vp and portfolio manager of Jones Heward Investment Counsel Inc., will be primarily responsible for the management of the portfolio.

The partnership’s investment objective is to provide holders of units with a tax-assisted investment in a diversified portfolio of equity securities of mining issuers with a view to earning income and achieving capital appreciation for limited partners.

In order to achieve its investment objective, the partnership will invest in flow-through shares of mining issuers that may incur Canadian exploration expense and that: have experienced management; have a strong exploration program in place; may require time to mature; and offer the potential for future growth.

Toronto-based GGOF had $5.47 billion of mutual fund assets under management at January 31, 2008. It is a member of BMO Financial Group and part of the organization’s Private Client Group.