Catapult Energy Small Cap 2007 FTS Limited Partnership Completes $6.94 Million IPO

Calgary, June 29, 2007 - Catapult Energy Small Cap 2007 FTS Limited Partnership (the "Partnership") announced today that it has completed the final closing of its initial public offering.  Under the two closings, the Partnership issued a total of 277,660 limited partnership units at $25.00 per unit for gross proceeds of approximately $6.94 million.

The Offering was co-led by CIBC World Markets Inc., RBC Dominion Securities Inc. and Canaccord Capital Corporation, and the syndicate of agents included Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc., Dundee Securities Corporation, GMP Securities L.P., Peters & Co. Limited, Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc., Haywood Securities Inc., Jennings Capital Inc. and Research Capital Corporation.

The Partnership's investment objectives are to: (a) achieve capital appreciation through investment in a diversified portfolio of equity securities of select small cap Resource Issuers identified by Catapult Financial Management Inc., the Partnership's investment advisor, and (b) maximize tax benefits for investors by purchasing Flow-Through Shares of Resource Issuers.  The Partnership will invest primarily in Resource Issuers that will incur Canadian Exploration Expense ("CEE") and that are engaged in oil and gas exploration and development, including the oil sands sector.  For more information on the Partnership's investment strategy, criteria and restrictions, please see the Partnership's prospectus at www.sedar.com.

Catapult Energy Management 2007 Inc. is the general partner of the Partnership and is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSXV:AHF). 

Aston Hill Financial Inc. (formerly known as Overlord Financial Inc.) is a Calgary-based asset management company with expertise in the junior oil and gas sector, energy based trusts, oil and gas property management, private equity and high yield structured products.

 

For further information concerning this Press Release, please contact:

Catapult Energy Management 2007 Inc.

Eric Tremblay
Chief Executive Officer
(403) 770-4817

Larry Titley
Chief Financial Officer
(403) 770-4808

Joanne A. Hruska
President
(403) 770-4814

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The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

 

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