Discovery 2017 Flow-Through Limited Partnership Closes IPO at $12.4 Million

CALGARY, Nov. 28, 2017 /CNW/ - Middlefield Group^® is pleased to announce the final closing of its 58^th resource fund, Discovery 2017 Flow-Through Limited Partnership (the "Partnership"), which raised total proceeds of $12.4 million.

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

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 58 public and private flow-through funds and has acted as agent or manager for over $2.5 billion of resource investments.

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

SOURCE Discovery 2017 Flow-Through Limited Partnership

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