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Client Work

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

Fasken
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Overview

Client

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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