TORONTO, April 21 /CNW/ - Middlefield Group announced today the closing
of its 47th resource fund, MRF 2011 Resource Limited Partnership, which
raised total proceeds of $60 million.
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 a
diversified portfolio of flow-through common shares of companies
involved primarily in Canadian oil and gas, mining or renewable energy
exploration, development and production.
The syndicate of agents for the offering was co-led by CIBC World
Markets Inc. and RBC Capital Markets and included BMO Nesbitt Burns
Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities
Inc., GMP Securities L.P., Canaccord Genuity Corp., Dundee Securities
Ltd., HSBC Securities (Canada) Inc., Manulife Securities Incorporated,
Macquarie Private Wealth Inc., Middlefield Capital Corporation, Raymond
James Ltd. and Wellington West Capital Markets Inc.
Middlefield is a leading provider of flow-through share funds in
Canada. Since 1983, Middlefield has sponsored 47 public and private
funds and has acted as agent or manager for over $2.0 billion of
resource investments. Middlefield Resource Limited Partnerships focus
on TSX listed oil and gas and mining companies with strong growth
strategies led by experienced management teams.
This press release is for informational purposes only and does not
constitute an offer to sell or a solicitation to buy the securities
referred to herein. This offering is made by prospectus only and
copies thereof may be obtained from any of the dealers listed above as
may lawfully offer these securities in such province or territory or by
contacting Middlefield toll-free at 1.888.890.1868.
SOURCE MRF 2011 Resource 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