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$28,955,975 Raised on Initial Closing. Books now re-open for a final closing on November 8, 2023. - Maple Leaf Critical Minerals 2023-II Enhanced Flow-Through Limited Partnership National & Quebec Class
October 17, 2023
VANCOUVER, BC – October
17, 2023
Maple Leaf Critical Minerals 2023-II Enhanced Flow-Through Limited Partnership (the “Partnership") is pleased to announce that it has completed its initial closing on October
17, 2023 for gross proceeds of $
$28,955,975. The books are now reopened and will close on
Tuesday, November 7, 2023 at 12:00 p.m. (EST) for a final closing on Wednesday,
November 8, 2023.
Partnership Objectives & Benefits – National Class Units
The
Partnership is designed to provide
Series A and Series F 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 2023 of approximately 134%-140% 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 is designed to provide Series A and Series F 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 2023 of up to approximately 147% 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 is being led by Scotia Capital Inc. and includes National Bank Financial Inc., CIBC World Markets
Inc., BMO Nesbitt Burns Inc., iA Private Wealth Inc., Richardson Wealth Limited, Canaccord Genuity Corp., Desjardins
Securities Inc., Manulife Securities Incorporated, Raymond James Ltd. Echelon
Wealth Partners Inc and Wellington-Altus Private Wealth. A copy of the Prospectus can be obtained from any agent.
Offering Jurisdictions
Each of the Provinces of Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT
Hugh Cartwright, Chairman
MAPLE LEAF SHORT DURATION FLOW-THROUGH PROGRAMS
Tel: 1-866-688-5750
Email: info@mapleleaffunds.ca
Web: www.MapleLeafFunds.ca
A final prospectus dated October 6, 2023 relating to
these securities has been filed with the securities commissions or similar authorities in each of the Provinces of Canada. 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.