MRF 2003 II Resource Completes Units Offering

On November 3, 2003, MRF 2003 II Resource Limited Partnership completed a $40 million public offering of limited partnership units. Proceeds from the offering will be used by the partnership to invest in flow-through shares of companies involved primarily in oil and gas, mining or renewable energy exploration and development.

The partnership was represented by Davies Ward Phillips & Vineberg LLP, with a team that included Kevin Thomson, James Reid, Peter Westcott, Siobhan Monaghan and Neal Armstrong (tax). The underwriting syndicate, led by CIBC World Markets Inc. and RBC Dominion Securities Inc., was represented by McCarthy T├ętrault LLP, with a team that included Jonathan Grant, Susan Goscoe and Arthur Einav (corporate) and Jim Morand and Gabrielle Richards (tax).