On April 27, 2017, MRF 2017 Resource Limited Partnership (“MRF 2017” or the “Partnership”) completed the final closing of the initial public offering of MRF 2017 units for total gross proceeds of $35 million. The offering was made in each of the provinces of Canada.
The objectives of the Partnership are to provide investors with capital appreciation and significant tax benefits to enhance after-tax returns, 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 Capital Markets and RBC Capital Markets and included Scotiabank, BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., GMP Securities L.P., Manulife Securities Incorporation, Canaccord Genuity Corp., Middlefield Capital Corporation, Desjardins Securities Inc., Echelon Wealth Partners Inc., Industrial Alliance Securities Inc. and Raymond James Ltd.
Fasken Martineau advised The Partnership and its manager, Middlefield Limited, by a team led by Stephen Erlichman and that included John Sabetti, Daniel Fuke and Mariko Rivers (Securities) and Mitchell Thaw (Tax).
