MSP 2007 Resource Limited Partnership Completes $75M IPO

On February 28, 2007 MSP 2007 Resource Limited Partnership completed its initial public offering of $75 million of partnership units. The Partnership's investment objectives are to maximize total return for limited partners and provide significant tax benefits through investments in flow-through shares of companies engaged primarily in oil and gas or mining exploration and development or other energy production. The Partnership also entered into a loan facility to finance the offering expenses and the agents' fees.

CIBC World Markets Inc. and RBC Dominion Securities Inc. acted as co-lead agents for the offering, as part of a syndicate that included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, Dundee Securities Corporation, Raymond James Ltd., Berkshire Securities Inc., Blackmont Capital Inc., Desjardins Securities Inc., IPC Securities Corporation and Wellington West Capital Inc.

The Partnership, its general partner and its investment manager, Mackenzie Financial Corporation, were represented by in-house counsel Eric Adelson and Nick Westlind and by Borden Ladner Gervais LLP, with a team that included Carol Derk, Derek Smith and Ruth Liu (corporate/securities), Stephen Fyfe (tax) and Jonathan Dyck (banking).

Stikeman Elliott LLP acted for the agents, with a team that included Darin Renton, Wendy Yu and Daniel Ben-Aron (corporate/securities) and John Lorito, Christian Meighen and Trevor McGowan (tax).


K. Ruth Liu Trevor McGowan Derek J. Smith Stephen J. Fyfe Jonathan F. Dyck Wendy S. Yu Darin R. Renton Carol E. Derk John G. Lorito