MRF 2020 Resource Limited Partnership closes IPO
April 28, 2020
13.50 Million CAD
On April 28, 2020, MRF 2020 Resource Limited Partnership closed its 62nd resource fund, which raised total proceeds of $13.5 million.
Middlefield Group is a provider of flow-through share funds in Canada. The objectives of the MRF 2020 Resource Limited Partnership are to achieve capital appreciation and tax benefits to enhance after-tax returns to Limited Partners by investing in portfolio comprised primarily of equity securities of Canadian companies involved primarily in the resource sectors.
McCarthy Tétrault advised the syndicate of agents for the offering, that was co-led by CIBC Capital Markets and RBC Capital Markets and included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotiabank, TD Securities Inc., Manulife Securities Incorporated, Stifel Nicolaus Canada Inc., Industrial Alliance Securities Inc., Canaccord Genuity Corp., Middlefield Capital Corporation, Echelon Wealth Partners Inc. and Raymond James Ltd., with a team led by Jonathan Grant and Andrew Armstrong that included Michael Eldridge, Mariko Rivers and Gabrielle Richards.