Discovery 2009 Flow-Through LP Raises $23 Million

TORONTO, Nov. 19 /CNW/ - Middlefield Group is pleased to announce the closing of its 44th resource fund, Discovery 2009 Flow-Through Limited Partnership, which raised total proceeds of $23 million.

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 was co-led by RBC Dominion Securities Inc. and CIBC World Markets Inc. and included 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 44 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.


For further information: For further information: please visit our website at or contact Nancy Tham, Senior Vice-President, at (416) 847-5349 or 1-888-890-1868

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