Press release from CNW Group
Uranium Focused Energy Fund (TSX: UF.UN) Last Day of Trading will be August 28, 2013
Tuesday, August 27, 2013
Uranium Focused Energy Fund (TSX: UF.UN) Last Day of Trading will be August 28, 201309:55 EDT Tuesday, August 27, 2013
TORONTO, Aug. 27, 2013 /CNW/ - Further to the press releases dated June 24, 2013, August 1, 2013 and August 21, 2013, Middlefield Group is pleased to announce that the merger of Uranium Focused Energy Fund ("Uranium") and MBN Corporation ("MBN") will proceed as scheduled on August 28, 2013. Pursuant to the merger, MBN, which is a non-redeemable investment fund, will issue Equity Shares to Uranium unitholders in satisfaction of the purchase price for all of the property of Uranium. Following the completion of the merger on August 28, 2013, the units of Uranium will be delisted from the Toronto Stock Exchange ("TSX").
Equity Shares of MBN trade under the symbol "MBN" on the TSX.
Certain statements in this press release may be viewed as forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, intentions, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "plans", "estimates" or "intends" (or negative or grammatical variations thereof), or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Statements which may constitute forward-looking statements relate to: the proposed timing of the merger between Uranium and MBN and expected completion thereof; the funds that are proposed to be merged; and the retraction of Equity Shares by MBN. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements including as a result of changes in the general economic and political environment, changes in applicable legislation, and the performance of each fund. Actual events or results may differ materially from such forward-looking statements as a result of risks facing one or both of the funds, most of which are beyond the control of the funds. There are no assurances the funds can fulfill such forward-looking statements and the funds do not undertake any obligation to update such statements.
SOURCE: MBN Corporation
For further information:
For further information on MBN, including its annual report and annual information form which outline MBN's investment strategy and other features and attributes, please visit our website at www.middlefield.com or contact Richard Faiella, Managing Director 1.888.890.1868 or email@example.com.