Discovery 2017 Flow-Through Limited Partnership
$25,000,000.00
1,000,000.00 Units at $25.00
Initial Public Offering - Closed - Thursday, October 26, 2017
Company Description
Discovery 2017 Flow-Through Limited Partnership is a special purpose company created as a structured investment product. The Partnership will invest in an actively managed, diversified portfolio of equity securities of Canadian exploration, development and production companies involved primarily in mining and supplemented by companies operating in the oil and gas and renewable energy sectors. The Partnership has retained Middlefield Capital Corporation as adviser to the Partnership in respect of investment decisions. The units of the Limited Partnership will not be publicly traded.
| Address: |
812 Memorial Drive N.W. Calgary, Alberta, Phone number Canada |
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| Phone Number: | 403 269 2100 |
| Fax Number: | 403 269 2911 |
| Website: |
| Industry: | Structured Products |
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| Closing Date: | Thursday, October 26, 2017 |
| 1st Day of Trading: | |
| Primary Symbol: | |
| Exchange: |
Proceeds
The Partnership will use the gross proceeds available to the Partnership to subscribe for flow-through shares and to fund those ongoing management fees, interest costs and administrative costs.
| Gross Proceeds: | $25,000,000.00 |
|---|---|
| Underwrting Fees: | $1,437,500.00 |
| Expense Offering: | $500,000.00 |
| Net Proceeds: | $23,062,500.00 |
| Lead Underwriter: | RBC Dominion Securities Inc. |
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| Other Underwriter(s): |
CIBC World Markets Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Scotia Capital Inc. National Bank Financial Inc. GMP Securities Ltd. Raymond James Ltd. Middlefield Capital Corporation Industrial Alliance Securities Inc. Canaccord Genuity Corp. Manulife Securities Incorporated Echelon Wealth Partners Inc. |
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