MRF 2025 Resource Limited Partnership completes closing of IPO Class A and Class F units for C$19.4M

On April 29, 2025, MRF 2025 Resource Limited Partnership ("MRF 2025") completed its initial public offering for total gross proceeds of approximately $19.4 million. MRF 2025 is a flow-through share fund managed by Middlefield. 

The syndicate of agents for the offering was co-led by CIBC Capital Markets and RBC Capital Markets and included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Richardson Wealth Limited, Manulife Securities Incorporated, iA Private Wealth Inc., Canaccord Genuity Corp., Raymond James Ltd. and Wellington-Altus Private Wealth Inc.

McCarthy Tétrault advised the syndicate of agents with a team led by Michael Eldridge that included Ivor Selimovic, Dan Schechner, Angela Lizotte, Rachel Cristofoli (Business) and Fred Purkey (Tax).