CALGARY, April 26, 2013 /CNW/ - Middlefield Group is pleased to announce the closing of its 51st resource fund, MRF 2013 Resource Limited Partnership (the "Partnership"), which raised total proceeds of $40 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 the oil and gas and mining sectors.
The syndicate of agents for the offering was co-led by CIBC and RBC Capital Markets, and included 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.
Middlefield is a leading provider of flow-through share funds in Canada. Since 1983, Middlefield has sponsored 51 public and private funds and has acted as agent or manager for over $2 billion of resource investments. Middlefield Resource Limited Partnerships focus on TSX listed oil and gas and mining companies with strong growth strategies led by experienced management teams.
This offering was 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: MRF 2013 Resource 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.