VANCOUVER, BC / December 18, 2013 / ACCESSWIRE / Maple Leaf 2013 Oil & Gas Income Limited Partnership (the “Partnership") is pleased to announce that it has completed its third and final closing on Wednesday, December 18, 2013. In total, the Partnership has issued 129,933 partnership units at a price of $100.00 per unit for gross proceeds of $12,993,300.
PARTNERSHIP OBJECTIVES
The Partnership was created to provide limited partners with an investment in (a) producing, primarily non-operated, oil and natural gas properties and/or production assets characterized by long life reserves with predictable production performance and cash flow profiles (“Producing Long Life Assets”); and (b) a pool of professionally selected gross over-riding royalties and similar interests (including non-operated working interests) in oil and natural gas production and/or production revenue (“Oil & Gas Royalties” and, together with the Producing Long Life Assets, the “Investments”), in order to generate: (i) monthly income paid from revenues generated by the Investments; (ii) potential capital appreciation; (iii) liquidity upon divestiture of assets; and (iv) a 100% tax deductible (over time) investment by incurring Canadian Oil and Gas Property Expenses and/or Canadian Development Expense.
THE SYNDICATE
The syndicate of agents for the offering was co-led by Scotiabank and National Bank Financial Inc. and included BMO Capital Markets Inc., GMP Securities L.P., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Manulife Securities Incorporated, Raymond James Ltd., Burgeonvest Bick Securities Limited, Desjardins Securities Inc., Dundee Securities Ltd. and Mackie Research Capital Corporation.
OIL AND GAS INVESTMENT MANAGEMENT
The Partnership’s oil and gas investment management is led by Jonathan A. Lexier, BSc., P.Eng., MBA, President, ML 2013 Oil & Gas Income Management Corp. Mr. Lexier 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.
FOR FURTHER INFORMATION
Please contact Hugh Cartwright, Chairman
MAPLE LEAF 2013 OIL & GAS INCOME LIMITED PARTNERSHIP
609 Granville Street, Suite 808, Vancouver, BC V7Y 1G5
Tel: 604.684.5750 | Toll Free: 866.688.5750
Email: [email protected] | Web: http://www.mapleleaffunds.ca/
This offering is made pursuant to a final prospectus of the Partnership dated October 23, 2013 (the “Prospectus”). The Prospectus contains important detailed information relating to these securities. Copies of the Prospectus may be obtained from your investment dealer or by contacting Maple Leaf 2013 Oil & Gas 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.
Source: Maple Leaf 2013 Oil & Gas Income Limited Partnership