Discovery 2013 Flow-through Limited Partnership - Closing to be held on or about October 30, 2013 - Maximum $25,000,000

CALGARY, Oct. 7, 2013 /CNW/ - Middlefield Group, on behalf of Discovery 2013 Flow-Through Limited Partnership ("Discovery" or the "Partnership"), is pleased to announce that it has completed the first closing of the initial public offering of Discovery units raising gross proceeds of $18 million. The maximum offering size is $25 million. The offering is being made in each of the provinces and territories of Canada. The Partnership intends to have a second closing on or about October 30, 2013 or earlier in the event that sales reach the maximum offering size.

The objectives of the Partnership are to provide investors with capital appreciation and significant tax benefits to enhance after-tax returns, including the deductibility of 100% of their original investment. The Partnership intends to achieve these objectives by investing in an actively managed, diversified portfolio of equity securities, comprised primarily of flow-through common shares of Canadian exploration, development and production companies involved primarily in mining and supplemented by companies operating in the oil and gas sector.

Middlefield Limited is the General Partner and Manager of the Partnership and Middlefield Capital Corporation will be retained as the Portfolio Advisor to the Partnership.

The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC, and includes Scotiabank, BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Manulife Securities Incorporated, Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Middlefield Capital Corporation, Dundee Securities Ltd. and Raymond James Ltd.

Middlefield is a leading provider of flow-through share funds in Canada and has a strong track record of delivering positive after-tax returns. Since 1983, Middlefield has sponsored 52 public and private flow-through funds and has acted as agent or manager for over $2 billion of resource investments. Discovery's focus will be to construct a diversified portfolio of high quality, attractively valued companies which offer strong growth prospects and are led by experienced management teams.
 
This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from your IIROC registered financial advisor using the contact information for such advisor. Investors should read the prospectus before making an investment decision. 

SOURCE: Discovery 2013 Flow-Through Limited Partnership

For further information:

please visit our website at www.middlefield.com or contact Nancy Tham, Managing Director, Sales and Marketing, at 416.847.5349 or 1.888.890.1868

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Discovery 2013 Flow-Through Limited Partnership

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