Discovery 2008 Flow-Through Limited Partnership - Initial public offering - Maximum $ 25,000,000



    TORONTO, July 24 /CNW/ - Middlefield Group, on behalf of Discovery 2008
Flow-Through Limited Partnership ("Discovery"), is pleased to announce that it
has filed a preliminary prospectus relating to the initial public offering of
Discovery Units. The offering will be made in each of the provinces and
territories of Canada.
    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 of Canadian exploration,
development and production companies involved primarily in mining and
supplemented by companies operating in the oil and gas and renewable energy
sectors.
    The syndicate of agents for the offering is being co-led by Canaccord
Capital Corporation and Dundee Securities Corporation and includes HSBC
Securities (Canada) Inc., Manulife Securities Incorporated, Raymond James
Ltd., Blackmont Capital Inc., Wellington West Capital Inc., Burgeonvest
Securities Ltd., GMP Securities L.P., Haywood Securities Inc., Middlefield
Capital Corporation, Research Capital Corporation, Desjardins Securities Inc.,
Industrial Alliance Securities Inc. and Laurentian Bank Securities Inc.

    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 41 public and private funds and has acted as
agent or manager for over $1.5 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.

    A preliminary prospectus relating to these securities has been filed with
securities commissions or similar authorities in each of the provinces and
territories of Canada but has not yet become final for the purpose of a
distribution to the public. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any sale or
any acceptance of an offer to buy these securities in any province or
territory of Canada prior to the time a receipt for the final prospectus or
other authorization is obtained from the securities commission or similar
authority in any such province or territory.




For further information:

For further information: please visit our website at www.middlefield.com
or contact Nancy Tham, Senior Vice-President, at (416) 847-5349 or
1-888-890-1868

Organization Profile

DISCOVERY 2008 FLOW-THROUGH LIMITED PARTNERSHIP

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