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Middlefield Capital Corporation closes its 65th resource fund, raising C$25M

Date Closed

September 22, 2021

Lead Office



25.00 Million CAD

On September 22, 2021, Middlefield Capital Corporation closed its 65th resource fund, Discovery 2021 Short Duration LP, which raised C$25 million. The Partnership's objectives are to provide investors with capital appreciation and significant tax benefits, to enhance after-tax returns to limited partners. Such returns includes the deductibility of 100% of their original investment. To achieve these objectives, the partnership aims to invest in an actively managed, diversified portfolio, primarily consisting of equity securities of Canadian gold mining companies. 

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

Middlefield Capital Corporation is a leading provider of flow-through share funds in Canada and track record of delivering after-tax returns.

McCarthy Tétrault LLP is advising Middlefield Capital Corporation with a team led by Andrew Armstrong that included Michael J. Eldridge, Paul Santache (Business), Gabrielle Richards, and Fred Purkey (Tax).