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MRF 2015 Resource Limited Partnership announces prospectus

Date Closed

April 29, 2015

Lead Office

Toronto

Value

61.00 Million CAD

On April 29, 2015, Middlefield Group announced the closing of its 55th resource fund, MRF 2015 Resource Limited Partnership ("MRF 2015"), which raised total proceeds of C$61 million from the issuance of MRF 2015 Canadian exploration expense ("CEE") and Canadian development expense ("CDE") units. MRF 2015 provided investors with the option of investing in either the CEE or CDE class portfolio, or a combination of both, to achieve individual tax efficiency objectives.

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 up to 100% of their original investment. The Partnership intends to achieve these objectives by investing in an actively managed, diversified portfolio comprised primarily 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, RBC Capital Markets and Scotiabank, and included 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. 

McCarthy Tétrault LLP advised CIBC, the lead underwriter, with a team that included Andrew Armstrong, Leila Rafi, David Badour, and James Morand (Corporate Finance/Capital Markets).

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