Maple Leaf Short Duration 2012 Flow-Through Limited Partnership

Maple Leaf Short Duration 2012 Flow-Through Limited Partnership

July 12, 2012 18:10 ET

Maple Leaf Short Duration 2012 Flow-Through Limited Partnership: Offering Closed, Total Gross Proceeds of $13,373,975 Raised

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2012) - Maple Leaf Short Duration 2012 Flow-Through Limited Partnership (the "Partnership") is pleased to announce that it has completed the final closing of its public offering of National Class and Québec Class units. The Partnership issued a total of 331,967 National Class units and 202,992 Quebec Class units at a price of $25.00 per unit for total gross proceeds of $13,373,975.

Partnership Objectives & Benefits - National Class:

The Partnership was designed to provide holders of its National Class Units ("National Class Limited Partners") with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures (as those terms are defined in the Prospectus) across Canada with a view to maximizing the tax benefits of an investment in National Class Units and achieving capital appreciation and/or income for National Class Limited Partners. National Class Limited Partners must be residents of Canada or liable to pay Canadian income tax.

Investors are expected to receive tax deductions for 2012 of approximately 100% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.

Partnership Objectives & Benefits - Québec Class:

The Partnership was designed to provide holders of its Québec Class Units ("Québec Class Limited Partners") with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures principally in the Province of Québec with a view to maximizing the tax benefits of an investment in Québec Class Units and achieving capital appreciation and/or income for Québec Class Limited Partners. Québec Class Units are most suitable for investors who reside in the Province Québec or are liable to pay income tax in Québec.

Investors are expected to receive tax deductions for 2012 of up to 139% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.

Liquidity Event:

The investment portfolios of both the National and Quebec Class 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 Scotiabank and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Macquarie Private Wealth Inc., Manulife Securities Incorporated, Desjardins Securities Inc., Dundee Securities Ltd. and Mackie Research Capital Corporation.

A copy of the Prospectus can be obtained from any agent.

Offering Jurisdictions:

Each of the provinces and territories of Canada.

This offering was made only by way of the final Prospectus dated May 29, 2012 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.

Contact Information