MRF 2014 RESOURCE LIMITED PARTNERSHIP - Second Closing to be held March 27, 2014

CALGARY, Feb. 20, 2014 /CNW/ - Middlefield Group, on behalf of MRF 2014 Resource Limited Partnership ("MRF 2014" or the "Partnership"), is pleased to announce that it has completed the first closing of the initial public offering of MRF 2014 limited partnership units raising gross proceeds of $25.5 million.  The offering is being made in each of the provinces and territories of Canada.  The Partnership intends to have a second closing on March 27, 2014.

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 of Canadian exploration, development and production companies involved primarily in the oil and gas and mining sectors.

Middlefield Resource Corporation is the General Partner and Middlefield Limited is the Manager of the Partnership. Middlefield Capital Corporation has been retained as the Portfolio Advisor to the Partnership.
 
The syndicate of agents for the offering is being co-led by CIBC and RBC Capital Markets, and includes Scotiabank, BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Manulife Securities Incorporated, Canaccord Genuity Corp., GMP Securities L.P., Middlefield Capital Corporation, Dundee Securities Ltd. and Raymond James Ltd. Middlefield is a leading provider of flow-through share funds in Canada. Since 1983, Middlefield has sponsored 53 public and private funds and has acted as agent or manager for over $2 billion of resource investments.  Middlefield Resource Limited Partnerships focus on TSX listed oil and gas and mining companies with strong growth strategies led by experienced management teams.  

This offering was only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from your IIROC registered financial advisor using the contact information for such advisor. Investors should read the prospectus before making an investment decision.

SOURCE: MRF 2014 Resource Limited Partnership

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