Uranium Focused Energy Fund - Offering of units with warrants



    Final Prospectus Filed

    TORONTO, Dec. 5 /CNW/ - Middlefield Group, on behalf of Uranium Focused
Energy Fund (the "Fund"), is pleased to announce that the Fund has filed a
final prospectus with respect to an offering of Combined Units at a price of
$8.35 per Combined Unit. Each Combined Unit consists of one Unit of the Fund
and one transferable Unit purchase warrant. Each warrant entitles the holder
to purchase one Unit of the Fund at a subscription price of $8.00 on or before
December 15, 2009. The Offering is scheduled to close on or about December 14,
2007.
    Middlefield Capital Corporation (the "Advisor") acts as the investment
advisor responsible for managing the Fund's investments, including asset mix
and security selection. With approximately $4.0 billion in assets under
management, Middlefield has specialized in the uranium, oil and gas and mining
sectors for many years.
    The Fund has launched the offering to capitalize on the view of the
Advisor that the uranium sector will continue to provide attractive
opportunities for investment over the next several years based upon strong
fundamental factors with respect to both supply and demand. In addition, in
light of the recent weakness in the price of uranium related equities, the
Advisor believes it is currently an opportune time to invest in the uranium
sector. The Advisor expects that primary uranium supply will continue to fall
short of global demand over the life of the Fund due predominantly to
limitations in the production capacity of existing mines. In addition,
secondary uranium supplies such as inventories, stockpiles and decommissioned
nuclear weapons, which historically have bridged the global uranium supply
shortfall, are expected to steadily decline. In light of the significant
capital and time requirements associated with the development of new uranium
mines, the Advisor expects uranium prices to remain strong over the life of
the Fund, providing a favourable environment for uranium related companies.
    The Fund's investment objectives are to achieve capital appreciation of
the portfolio over the life of the Fund and to pay quarterly distributions to
Unitholders. In order to achieve the Fund's investment objectives, the
portfolio is primarily focused on the securities of issuers that operate in or
have exposure to the uranium sector. The Fund also has the ability to invest
in the securities of other energy related issuers that operate in or have
exposure to the energy sector. As at November 23, 2007, uranium related
securities comprised in excess of 90% of the value of the portfolio. The
portfolio is focused on securities which, in the view of the Advisor, are of
high quality issuers having strong fundamentals and, in the case of issuers of
uranium related securities, offer the potential to benefit from the favourable
supply-demand fundamentals underpinning the uranium sector.

    The syndicate of agents is being co-led by CIBC World Markets Inc. and
RBC Capital Markets, and includes BMO Nesbitt Burns Inc., National Bank
Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital
Corporation, Raymond James Ltd., Dundee Securities Corporation, HSBC
Securities (Canada) Inc., Berkshire Securities Inc., Blackmont Capital Inc.,
Desjardins Securities Inc., Middlefield Capital Corporation, Research Capital
Corporation, Richardson Partners Financial Ltd. and Wellington West Capital
Inc.

    The Units are listed and posted for trading on the Toronto Stock Exchange
(the "TSX") under the symbol UF.UN. Additionally, following the closing of the
Offering, the warrants issuable pursuant to this Offering will be listed for
trading on the TSX under the symbol UF.WT.

    This press release is not to be construed as a public offering in any
province in Canada unless a prospectus relating thereto has been accepted for
filing by a securities commission or similar authority in such province. 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. This press release contains forward-looking statements that
involve risks and uncertainties. These statements reflect Middlefield's
current expectations, but are subject to a number of risks and uncertainties.
Due to the many risks and uncertainties, Middlefield cannot assure that the
forward-looking statements contained in this press release will be realized.




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 toll free
at 1-888-890-1868

Organization Profile

URANIUM FOCUSED ENERGY FUND

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890