Discovery 2011 Flow-Through Limited Partnership - Second Closing October 27, 2011

TORONTO, Sept. 22, 2011 /CNW/ - Middlefield Group, on behalf of Discovery 2011 Flow-Through Limited Partnership ("Discovery" or the "Partnership"), is pleased to announce that it has completed the first closing of the initial public offering of Units of Discovery.  The offering is being made in each of the provinces and territories of Canada.  The Partnership is expected to hold a second closing on October 27, 2011. 

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 Capital Markets and CIBC World Markets Inc. and includes National Bank Financial Inc., BMO Capital Markets, Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., Manulife Securities Incorporated, HSBC Securities (Canada) Inc., Middlefield Capital Corporation, Desjardins Securities Inc., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Dundee Securities Ltd. and Union Securities Ltd.

In addition, Middlefield Group is pleased to announce that it has accelerated the liquidity date of Discovery 2009 Flow-Through Limited Partnership to October 12, 2011.

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 47 public and private flow-through funds and has acted as agent or manager for over $2.0 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 offering is only made by prospectus.   The prospectus contains important detailed information about the securities being offered.   Copies of the prospectus may be obtained from your IIROC registered financial advisor.   Investors should read the prospectus before making an investment decision.

SOURCE Discovery 2011 Flow-Through Limited Partnership

For further information:

please visit our website at or contact Nancy Tham, Managing Director, Sales and Marketing, at 416.847.5349 or 1.888.890.1868.

Calgary: 812 Memorial Drive NW, Calgary, Alberta T2N 3C8
Toronto: First Canadian Place, 58th Floor, P.O. Box 192, Toronto, Ontario M5X 1A6 1.888.890.1868

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Discovery 2011 Flow-Through Limited Partnership

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