Discovery 2014 Flow-Through Limited Partnership - INITIAL PUBLIC OFFERING - Maximum $30,000,000

CALGARY, Aug. 8, 2014 /CNW/ - Middlefield Group, on behalf of Discovery 2014 Flow-Through Limited Partnership ("Discovery" or the "Partnership"), is pleased to announce that it has filed a preliminary prospectus relating to the initial public offering of Discovery 2014 units. The offering will be made in each of the provinces and territories of Canada.

The objectives of the Partnership are to provide investors with capital appreciation and significant tax benefits to enhance after-tax returns, including the deductibility of 100% of their original investment. The Partnership intends to achieve these objectives by investing in an actively managed, diversified portfolio of equity securities, comprised primarily of flow-through common shares, of Canadian exploration, development and production companies involved in the resource sector.

Middlefield is a leading provider of flow-through share funds in Canada and has a strong track record of delivering positive after-tax returns. Since 1983, Middlefield has sponsored 53 public and private flow-through funds and has acted as agent or manager for over $2 billion of resource investments. Discovery's focus will be to construct a diversified portfolio of high quality, attractively valued companies which offer strong growth prospects and are led by experienced management teams.

The syndicate of agents for the offering is being co-led by RBC Capital Markets, CIBC and Scotiabank and includes BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., GMP Securities L.P., Manulife Securities Incorporated, Canaccord Genuity Corp., Middlefield Capital Corporation and Raymond James Ltd.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada.  The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from members of the syndicate of agents listed above or from your IIROC registered financial advisor using the contact information for such agent or IIROC advisor. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

SOURCE: Discovery 2014 Flow-Through Limited Partnership

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