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Uranium Focused Energy Fund raises US$25.4 million in rights offering

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Uranium Focused Energy Fund and Middlefield Fund Management

On October 28, 2009, Uranium Focused Energy Fund ("URANIUM") closed the offering of Rights to its unitholders raising gross proceeds of $25,416,513 (8,472,1714 Units). Unitholders of record on September 29, 2009 received one Right for each Unit held. Two Rights entitled the holder to purchase one URANIUM Unit at a price of $3.00 until 4:00 p.m. (Toronto time) on October 23, 2009. The Rights Offering was significantly oversubscribed. Fasken Martineau advised URANIUM and its manager, Middlefield Fund Management Limited, in this transaction with a team that included Stephen Erlichman, John Sabetti, Daniel Fuke and Jeff Hergott (securities) and Mitchell Thaw (tax).



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