Middlefield Group announced today the closing of its 40th resource fund, MRF 2007 II Resource Limited Partnership, bringing to over $1.6 billion the amount of capital that the firm has raised to invest in the Canadian resource sector since 1983.

The objectives of the limited artnership are to provide investors with capital appreciation and significant tax benefits to enhance after-tax returns, including the deductibility of 100% of their original investment. The limited partnership intends to achieve these objectives by investing in a diversified portfolio of flow-through common shares of companies involved primarily in Canadian oil and gas, mining or renewable energy exploration, development and production.

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