On April 26, 2018, MRF 2018 Resource Limited Partnership (“MRF 2018” or the “Partnership”) completed the final closing of the initial public offering of its limited partnership, units for total gross proceeds of $25 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 World Markets Inc. and RBC Dominion Securities Inc. and included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., GMP Securities L.P., Manulife Securities Incorporated, Canaccord Genuity Corp., Middlefield Capital Corporation, Desjardins Securities Inc., Echelon Wealth Partners Inc., Industrial Alliance Securities Inc. and Raymond James Ltd.
The Partnership and its manager, Middlefield Limited, were advised by a team from Fasken consisting of Stephen Erlichman, John Sabetti, Daniel Fuke and Mariko Rivers (Securities) and Mitchell Thaw (Tax), with assistance from student-at-law Simar Anand.
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 World Markets Inc. and RBC Dominion Securities Inc. and included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., GMP Securities L.P., Manulife Securities Incorporated, Canaccord Genuity Corp., Middlefield Capital Corporation, Desjardins Securities Inc., Echelon Wealth Partners Inc., Industrial Alliance Securities Inc. and Raymond James Ltd.
The Partnership and its manager, Middlefield Limited, were advised by a team from Fasken consisting of Stephen Erlichman, John Sabetti, Daniel Fuke and Mariko Rivers (Securities) and Mitchell Thaw (Tax), with assistance from student-at-law Simar Anand.
