Date Closed

April 12, 2007

Lead Office

Toronto

Value

203.00 Million CAD

On March 20, 2007, Uranium Focused Energy Fund completed its initial public offering of 19,500,000 units at a price of C$10.00 per unit for gross proceeds of C$195 million. On April 12, 2007, the Fund completed the issuance of an additional 840,000 units for gross proceeds of C$8.4 million pursuant to the over-allotment option granted to the agents. The Fund is advised by Middlefield Capital Corporation and has been designed to capitalize on Middlefield's view that the uranium sector will continue to provide attractive opportunities for investment over the next several years.

McCarthy Tétrault LLP advised the agents with a team that included Andrew Armstrong, Jonathan Grant, and James Morand.