Maple Leaf Short Duration 2015-II Flow-Through Limited Partnership

November 18, 2015 13:54 ET

Maple Leaf Short Duration 2015-II Flow-Through Limited Partnership- National & Quebec Class: Total Gross Proceeds of $16,712,850 Raised

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 18, 2015) - Maple Leaf Short Duration 2015-II Flow-Through Limited Partnership (the "Partnership") is pleased to announce that it completed its second and final closing of its public offering of National Class and Québec Class Units.

The Partnership issued 394,257 Units for $25 per Unit in its first closing and 274,257 Units for $25 per Unit in its second closing for cumulative total gross proceeds of $16,712,850.

Partnership Objectives & Benefits - National Class Units

The Partnership was designed to provide holders of 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 2015 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 Units

The Partnership was designed to provide holders of 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 2015 of up to 131% 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 Québec Class Units 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, BMO Capital Markets, CIBC World Markets Inc. and National Bank Financial Inc. and includes GMP Securities L.P., Canaccord Genuity Corp., Desjardins Securities Inc., Manulife Securities Incorporated, Raymond James Ltd., Burgeonvest Bick Securities Limited, Dundee Securities Ltd., Global Securities Corporation, Industrial Alliance Securities Inc. and Laurentian Bank Securities Inc. A copy of the Prospectus can be obtained from any agent.

Registrar and Transfer Agent

Computershare Investor Services Inc. (as successor to the business of Valiant Trust Company), at its principal offices in Vancouver, British Columbia, is the registrar and transfer agent for the Units.

Offering Jurisdictions

Each of the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.

A final prospectus dated September 29, 2015 (the "Prospectus") relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. 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