Maple Leaf 2012-II Energy Income Limited Partnership



Maple Leaf 2012-II Energy Income Limited Partnership

October 29, 2012 12:14 ET

Maple Leaf 2012-II Energy Income Limited Partnership: First Closing of $14.2 Million Completed; Books Re-Opened for Final Closing Until November 28, 2012 at 12 Noon (EST)

CALGARY, ALBERTA--(Marketwire - Oct. 29, 2012) - Maple Leaf 2012-II Energy Income Limited Partnership (the "Partnership") is pleased to announce that it has completed its initial closing on Friday, October 26, 2012. The Partnership issued 142,747 Limited Partnership Units for gross proceeds of $14,274,700. The books are now re-opened until Wednesday, November 28, 2012 at 12:00 noon (EST) for a final closing, Thursday, November 29, 2012. The books may close earlier if the maximum offering size of $30 million has been reached.

PARTNERSHIP OBJECTIVES

The Partnership has been created to provide its limited partners with an investment in a pool of professionally selected, non-operated, direct working interests and similar interests (including royalties) in oil and natural gas production and/or production revenue on properties considered prospective for oil and natural gas development (the "Properties") and to participate in the development of the Properties in order to generate: (i) income paid monthly from the Partnership's share of oil and gas production revenue upon completion of certain development drilling programs; (ii) potential capital appreciation upon divestiture of assets; and (iii) a 100% tax deductible investment.

THE SYNDICATE

The syndicate of agents for the offering is being co-led by Scotiabank and National Bank Financial Inc. and includes BMO Capital Markets Inc., GMP Securities L.P., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Manulife Securities Incorporated, Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation, Sprott Private Wealth LP and Union Securities.

OIL & GAS INVESTMENT MANAGEMENT TEAM

The Partnership's Oil & Gas Investment Management Team is led by Joseph Durante and Glen Tanaka of Toscana Energy Corporation ("Toscana"). Toscana provides the Partnership with expertise in sourcing and negotiating agreements with oil and gas companies which will entitle the Partnership to its share of production revenue from Properties.

On July 10, 2012, Sprott Inc. (TSX:SII) acquired Toscana Capital Corporation and its affiliates including Toscana.

This offering is made pursuant to the final prospectus of the Partnership dated October 19, 2012 (the "Prospectus"). The Prospectus contains important detailed information relating to the securities being offered thereto. Copies of the Prospectus may be obtained from your investment dealer or by contacting Maple Leaf 2012-II 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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