TORONTO, Oct. 26 /CNW/ - Middlefield Group, on behalf of Discovery 2009 Flow-Through Limited Partnership ("Discovery"), is pleased to announce that it will have a final closing on November 18, 2009. The offering is being 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 RBC Dominion Securities Inc. and CIBC World Markets Inc. and includes BMO Nesbitt Burns Inc., Canaccord Capital Corporation, National Bank Financial Inc., TD Securities Inc., Dundee Securities Corporation, GMP Securities L.P., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Blackmont Capital Inc., Middlefield Capital Corporation, Haywood Securities Inc., Raymond James Ltd., Research Capital Corporation and Wellington West Capital Markets 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 43 public and private funds and has acted as agent or manager for over $1.7 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 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 DISCOVERY 2009 FLOW-THROUGH LIMITED PARTNERSHIP
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