Guardian Group of Funds Ltd. (GGOF) says that GGOF 2007 Mining Flow-Through Limited Partnership has filed a final prospectus for its initial public offering of units and with all of the Canadian securities regulators.

The maximum gross proceeds of the offering is $20 million, or 800,000 units.

The IPO is expected to close on September 12.

The partnership’s investment objective is to provide unitholders of 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.

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.


The partnership’s portfolio manager expects to invest the portfolio primarily in mining issuers listed on Canadian stock exchanges.

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

The offering is made by a syndicate of securities dealers co-led by BMO Capital Markets and CIBC World Markets Inc., and includes National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Adams, Dundee Securities Corp., HSBC Securities (Canada) Inc., Richardson Partners Financial Ltd., Blackmont Capital Inc., Desjardins Securities Inc., Raymond James Ltd., GMP Securities L.P. and Berkshire Securities Inc.