Discovery 2014 Flow-Through Limited Partnership - Closing September 17, 2014 - Maximum $30,000,000

CALGARY, Aug. 29, 2014 /CNW/ - Middlefield Group, on behalf of Discovery 2014 Flow-Through Limited Partnership ("Discovery" or the "Partnership"), is pleased to announce that it has filed a final prospectus relating to the initial public offering of Discovery 2014 units. The offering is being made in each of the provinces and territories of Canada and the maximum offering size is $30 million. Closing is scheduled for September 17, 2014.

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 in the resource sector.

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 53 public and private flow-through funds and has acted as agent or manager for over $2.3 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.

The syndicate of agents for the offering is being co-led by RBC Capital Markets, CIBC and Scotiabank and includes BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., GMP Securities L.P., Manulife Securities Incorporated, Canaccord Genuity Corp., Middlefield Capital Corporation and Raymond James Ltd.

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 using the contact information for such advisor. Investors should read the prospectus before making an investment decision.

SOURCE: Discovery 2014 Flow-Through Limited Partnership

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