Maple Leaf Critical Minerals 2024 Enhanced Flow-Through Limited Partnership - National Class
$30,000,000.00
1,200,000.00 Units at $25.00
Initial Public Offering - Closed - Friday, February 23, 2024
Company Description
Maple Leaf Critical Minerals 2024 Enhanced Flow-Through Limited Partnership - National Class investment objective is to provide holders of National Class Units with an investment in a diversified portfolio of flow-through shares of resource companies primarily engaged in the mining, principally mining for critical minerals and energy sectors. Maple Leaf Critical Minerals 2024 Enhanced Flow-Through Management Corp. is the general partner of the Partnership. Backer Wealth Management Inc.is the portfolio manager of the Partnership. The General Partner has retained CADO Investment Fund Management Inc. to provide investment fund management and administrative services to the Partnership and the General Partner in respect of each of the portfolios.
| Address: |
Suite 808 - 609 Granville Street Vancouver, British Columbia, V7Y 1G5 Canada |
|---|---|
| Phone Number: | 604 684-5750 |
| Fax Number: | |
| Website: |
| Industry: | Structured Products |
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| Closing Date: | Friday, February 23, 2024 |
| 1st Day of Trading: | |
| Primary Symbol: | |
| Exchange: | Toronto |
Proceeds
The net proceeds will be used to invest the available funds in flow-through shares of resource companies and will fund fees and ongoing expenses of the partnership by way of operating reserve.
| Gross Proceeds: | $30,000,000.00 |
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| Underwrting Fees: | $1,725,000.00 |
| Expense Offering: | $1,200,000.00 |
| Net Proceeds: | $27,075,000.00 |
| Lead Underwriter: | Scotia Capital Inc. |
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| Other Underwriter(s): |
CIBC World Markets Inc. BMO Nesbitt Burns Inc. National Bank Financial Inc. Desjardins Securities Inc. Raymond James Ltd. Canaccord Genuity Corp. Manulife Securities Incorporated Echelon Wealth Partners Inc. Wellington-Altus Private Wealth Inc. Richardson Wealth Ltd iA Private Wealth Inc. |
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