CALGARY, Sept. 13, 2012 /CNW/ - Middlefield Group®, on behalf of Discovery 2012 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 Discovery
units for $20,300,650. The offering is being made in each of the
provinces and territories of Canada. The Partnership intends to have a
second closing on October 25, 2012.
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, comprised
primarily of flow-through common shares of Canadian exploration,
development and production companies involved primarily in mining and
supplemented by companies operating in the oil and gas sector.
The syndicate of agents for the offering is being co-led by RBC Capital
Markets and CIBC, and includes Scotiabank, BMO Capital Markets,
National Bank Financial Inc., TD Securities Inc., Manulife Securities
Incorporated, GMP Securities L.P., Macquarie Private Wealth Inc.,
Canaccord Genuity Corp., Middlefield Capital Corporation, Raymond James
Ltd. and Dundee Securities Ltd.
Since 1983, Middlefield has sponsored 49 public and private flow-through
funds and has acted as agent or manager for over $2 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 2012 Flow-Through Limited Partnership
For further information:
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.