TORONTO, April 12 /CNW/ - Uranium Focused Energy Fund (the "Fund")
announced today its intention to make a normal course issuer bid for its units
through the facilities of the Toronto Stock Exchange (the "TSX"). This normal
course issuer bid is intended to commence on April 16, 2007 and will terminate
on April 15, 2008. In accordance with the Declaration of Trust by which the
Fund is governed, market purchases pursuant to its normal course issuer bid
may be effected by the Fund.
At April 12, 2007 there were 20,340,000 units issued and outstanding
including 20,313,500 units in the public float. The Fund may, during the 12
month period commencing April 16, 2007 purchase on the TSX up to
2,031,350 units, being 10% of the public float of the units. The Fund believes
that its units represent good value and purchases under the normal course
issuer bid may serve to enhance returns to unitholders.
Uranium Focused Energy Fund trades on the Toronto Stock Exchange under
the symbol "UF.UN".
For further information:
For further information: visit our website at www.middlefield.com or
contact the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349,