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Uranium Focused Energy Fund closes offering of units with warrants for US$4.5 million

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Uranium Focused Energy Fund

On December 17, 2007, Middlefield Group, on behalf of Uranium Focused Energy Fund (the "Fund"), announced that the Fund had completed its follow-on offering of 540,000 Combined Units at a price of $8.35 per Combined Unit for gross proceeds of $4,509,000. Each Combined Unit consists of one Unit of the Fund and one transferable Unit purchase warrant. Each warrant entitles the holder to purchase one Unit of the Fund at a subscription price of $8.00 on or before December 15, 2009. Middlefield Capital Corporation acts as the investment advisor responsible for managing the Fund's investments, including asset mix and security selection. The Fund was advised in this transaction by Fasken Martineau with a team that included Stephen Erlichman, John Sabetti and Scott Mitchell (securities/investment funds), and Mitchell Thaw (tax), assisted by student-at-law Amanda Fullerton.


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