Guardian Group of Funds Ltd.’s GGOF 2007 Mining Flow-Through Limited Partnership completed the closing of its initial public offering of limited partnership units. The partnership issued 800,000 limited partnership units at a price of $25 each, for gross proceeds of $20 million, the maximum size of the offering.

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: (i) have experienced management; (ii) have a strong exploration program in place; (iii) may require time to mature; and (iv) 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 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, vice president and portfolio manager of Jones Heward Investment Counsel Inc., will be primarily responsible for the management of the portfolio.