Norrep Short Duration 2015 Flow-Through Limited Partnership Files Final Prospectus

CALGARY, ALBERTA--(Marketwired - Feb. 25, 2015) -

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Norrep Capital Management Ltd. is pleased to announce that Norrep Short Duration 2015 Flow-Through Limited Partnership (the "Partnership") has filed the final prospectus for the initial public offering of units of the Partnership. Funds raised by the Partnership will be invested in flow-through shares of resource companies whose principal business is oil & gas exploration and development, mineral exploration and development, and renewable energy development and production. The first closing of the offering is scheduled to occur on or about March 5, 2015.

The Partnership will focus on Canadian Development Expense (CDE) expenditures over Canadian Exploration Expense (CEE) expenditures. This shifts the nature of the underlying activities from higher risk exploration activities to lower risk development drilling that focuses on already identified oil & gas pools or mineral deposits.

The offering is being made through a syndicate of investment dealers led by BMO Capital Markets and including CIBC, National Bank Financial Inc., RBC Capital Markets, TD Securities Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity Corp., Burgeonvest Bick Securities Limited and Manulife Securities Incorporated.

Norrep Capital Management Ltd. manages or has managed 16 other public flow-through limited partnerships that were formed to invest in flow-through shares of resource companies. These partnerships have raised total gross proceeds of over $513 million.

This offering is made only by a prospectus dated February 24, 2015 (the "Prospectus"). The Prospectus contains important detailed information about the securities being offered. Copies of the Prospectus may be obtained from any of the investment dealers listed above. Investors should read the Prospectus before making an investment decision.

Certain information set forth in this press release, including but not limited to, the discussion of future plans and operations, use of proceeds and the anticipated timing of the first closing of the offering, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements. Although the forward-looking statements are based on what management believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.