Maple Leaf Short Duration 2011-II Flow-Through Limited Partnership

Maple Leaf Short Duration 2011-II Flow-Through Limited Partnership

November 21, 2011 14:12 ET

Maple Leaf Short Duration 2011-II Flow-Through Limited Partnership: Offering Closed, $15,876,750 Raised

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2011) - Maple Leaf Short Duration 2011-II Flow-Through Limited Partnership (the "Partnership") is pleased to announce that it has completed its initial public offering of National Class and Québec Class units. The Partnership issued 554,823 National Class units and 80,247 Quebec Class units at a price of $25.00 per unit for total gross proceeds of $15,876,750.

Partnership Objectives.

The Partnership was designed with dual-class structure that provided Limited Partners the opportunity to select between a National Class portfolio and a Québec Class portfolio each with its own investment objectives and provincial tax deductions.

The net proceeds of the offering will be invested in flow-through shares of Canadian resource companies primarily engaged in exploration and development with a view to maximizing tax benefits and achieving capital appreciation and/or income for Limited Partners.

Tax Benefits.

Investors in the National Class portfolio are expected to receive tax deductions of up to 100% of the amount invested for the 2011 taxation year. The Québec Class portfolio is expected to provide investors who reside in the Province of Québec or who are subject to Québec income tax access to a tax deduction of up to 135% of the amount invested for the 2011 taxation year with future capital gains exemption incentives provided to Québec flow-through investors against their Québec taxable income.

Liquidity Event.

The investment portfolios of the Partnership will be actively managed in such a way as to preserve the ability to undertake a future liquidity event, such as a rollover into a mutual fund corporation.

The Syndicate.

The syndicate of agents for the offering was led by Scotia Capital Inc. and included BMO Nesbitt Burns Inc., National Bank Financial Inc., GMP Securities L.P., Manulife Securities Incorporated, Macquarie Private Wealth Inc., Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Raymond James Ltd., Desjardins Securities Inc., Industrial Alliance Securities Inc., Dundee Securities Ltd., M Partners Inc., Mackie Research Capital Corporation, PI Financial Corp. and Union Securities Ltd.

This offering is made only by way of the final Prospectus dated October 28, 2011 relating to these securities, which has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. A copy of the Prospectus can be obtained from any of the syndicate members listed above. This release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Capitalized terms not defined herein have the meanings set forth in the Prospectus.

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