Middlefield Capital Corp. has filed a final prospectus in relation to the initial public offering of units of the Uranium Focused Energy Fund. The minimum size of the offering will be $100 million. The closing is scheduled for March 20.

The fund will be advised by Middlefield Capital, a specialty investment manager with over $4 billion in assets under management. It has been designed to capitalize on the uranium sector, which will continue to provide attractive opportunities for investment over the next several years.

The advisor expects that primary uranium supply will continue to fall short of global demand over the life of the fund due predominantly to limitations in the production capacity of existing mines while secondary uranium supplies, such as inventories, stockpiles and decommissioned nuclear weapons, which historically have bridged the global uranium supply shortfall, are expected to steadily decline. In light of the significant capital and time requirements associated with the development of new uranium mines, the advisor expects uranium prices to remain strong over the life of the fund, which will terminate on Dec. 31, 2013.

The fund’s investment objectives are to achieve capital appreciation of the portfolio and to pay quarterly distributions to unitholders. The initial indicative yield is 5% per annum based upon the original issue price of $10.00 per unit. In order to achieve the fund’s investment objectives, the portfolio will be focused on the securities of issuers that operate in or have exposure to the uranium sector, supplemented with the securities of other energy related issuers that operate in or have exposure to the energy sector.

Middlefield Capital expects that the weighting in uranium related securities will comprise approximately 75% of the value of the initial portfolio and will include such companies as Cameco Corp., Paladin Resources Ltd., Denison Mines Corp. and sxr Uranium One Inc. The portfolio will be focused on securities that are of high quality issuers that exhibit strong fundamentals and superior prospects for exploration and development and offer the potential to benefit from the favourable supply-demand fundamentals in the uranium sector.

The syndicate of agents is being co-led by CIBC World Markets Inc. and RBC Capital Markets, and includes Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., Blackmont Capital Inc., Canaccord Capital Corp., Dundee Securities Corp., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Inc., Desjardins Securities Inc., Berkshire Securities Inc., Middlefield Capital Corp. and Research Capital Corp.