Middlefield® Raises $110 Million in 2011 Flow-Through Offerings

TORONTO, Nov. 23, 2011 /CNW/ - Middlefield Group is pleased to announce the closing of its 48th resource fund, Discovery 2011 Flow-Through Limited Partnership ("Discovery"), which raised the maximum offering of $50 million.   This brings the total amount raised by Middlefield flow-through limited partnerships to $110 million in 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 BMO Capital Markets, National Bank Financial Inc., 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.

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 48 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 was 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.  

SOURCE Discovery 2011 Flow-Through Limited Partnership

For further information:

For further information, please visit our website at www.middlefield.com 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
www.middlefield.com 1.888.890.1868

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Discovery 2011 Flow-Through Limited Partnership

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