Maple Leaf 2012 Energy Income Limited Partnership

Maple Leaf 2012 Energy Income Limited Partnership

March 09, 2012 09:00 ET

Maple Leaf 2012 Energy Income Limited Partnership First Closing of $10 Million Completed

Books Now Open for a Second Closing Until Wednesday, April 11, 2012 at 12:00 Noon (EST)

CALGARY, ALBERTA--(Marketwire - March 9, 2012) - Maple Leaf 2012 Energy Income Limited Partnership (the "Partnership") is pleased to announce that it has completed its initial closing on Thursday, March 8, 2012. The Partnership issued 101,005 partnership units for gross proceeds of $10,100,500. The books are now re-opened until Wednesday, April 11, 2012 at 12:00 noon (EST) for a second closing. The books may close earlier if the maximum offering size has been reached.

PARTNERSHIP OBJECTIVES

The Partnership has been created to provide limited partners with an investment in a pool of professionally selected, non-operated, direct working interests and similar interests in oil and gas production and / or production revenue and the opportunity to participate in the development of the oil and gas properties in order to generate (i) monthly cash distributions upon the completion of certain development drilling programs; (ii) potential capital appreciation; and (iii) tax deductions equal to 100% of their investment.

THE SYNDICATE

The syndicate of agents for the offering is being led by Scotia Capital Inc., and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., GMP Securities L.P., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Manulife Securities Incorporated, Raymond James Ltd., Acumen Capital Finance Partners Limited, Desjardins Securities Inc., Mackie Research Capital Corporation and Union Securities Ltd.

INVESTMENT MANAGEMENT TEAM

Located in Calgary, Alberta, the Partnership's Investment Management Team will be led by Joseph Durante and Glen Tanaka at Toscana Energy Corporation ("Toscana").

A final prospectus dated February 29, 2012 (the "Prospectus") containing important detailed information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada for the purpose of distribution to the public. Copies of the Prospectus may be obtained from your investment dealer or by contacting Maple Leaf 2012 Energy Income Limited Partnership at the coordinates listed above. Investors should read the Prospectus before making an investment decision. Capitalized terms not defined herein have the meanings set forth in the Prospectus.

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