Canadian Small Cap Resource 2007 No.2 Management Ltd. reports the final closing of the offering of limited partnership units on November 7.

The partnership issued and sold 500,000 units at a price of $10 per unit, raising gross proceeds of $5 million, the maximum amount of the offering.

The 2007 offering was made on a best efforts agency basis by a syndicate led by Blackmont Capital Inc. that includes Raymond James Ltd., TD Securities Inc., Berkshire Securities Inc., Canaccord Capital Corporation, IPC Securities Corporation, Jory Capital Inc., GMP Securities L.P., and Research Capital Corporation.

“We’re very pleased to have achieved the $5 million maximum in this offering, thanks to great support from our syndicate and selling group members,” said Rick Peterson, president of the General Partner.

“This is a sign of our growing reputation in the flow-through sector, given that we’ve raised more than $37 million in flow-through funds since the Canadian Small Cap Resource Fund inception in 2004, including $15.3 million this year,” said Peterson.

“This puts us in a strong position, with the help of our parent, NovaDX Ventures Corp., to support promising junior exploration companies in Canada through investment and by providing strategic advice.”

Canadian Small Cap Resource Fund 2007 No. 2 Management Ltd. is a wholly owned subsidiary of NovaDX Ventures Corp.

The partnership’s objective is to invest in a diversified portfolio of flow-through shares of resource issuers engaged primarily in mineral or oil and gas exploration in Canada, with a view to maximizing the tax benefit of an investment in the limited partnership units. It is expected that substantially all of the investment in the units will be fully tax deductible by investors, with 100% of the deduction available in 2007. An additional 15% federal investment tax credit may also be available to investors on qualified Canadian exploration expenses, as may be provincial investment tax credits for investors in some provinces.

Bolder Investment Partners is the advisor to the partnership in respect of investment and portfolio management decisions. It will manage the investment portfolio with a view to capital appreciation on the partnership’s investments. The investment strategy is to invest in flow-through shares of resource issuers that are considered to represent good value, have experienced and capable senior management, have a strong exploration program in place and offer potential for future growth.