Maple Leaf 2012-II Energy Income LP – Completes Divestiture of Oil and Gas Assets

VANCOUVER, BC / ACCESSWIRE / April 2, 2015 / Maple Leaf 2012-II Energy Income Limited Partnership (the “Partnership”) is pleased to report that it has completed the previously announced sale of royalty interests and non-operated working interests in a total of 17 oil and gas wells located in Alberta and Saskatchewan (the “Acquired Assets”) to Maple Leaf Royalties Corp. (TSX Venture: MPL) (“ML Royalties”). Please refer to the Partnership’s news release of March 24, 2015 for additional information regarding the Acquired Assets. The transaction remains subject to the final acceptance of the TSX Venture Exchange.

This transaction constitutes the liquidity event of the Partnership. The ML Royalties shares (the “Shares”) will be distributed to investors and the Partnership will be wound-up within the next 60 days. Please note that it may take up to 90 days (back office administration) for the Partnership units to be cancelled and removed from client accounts and for the Shares to be deposited. 

The sale of the Partnership assets followed a comprehensive open market bidding process conducted with the assistance of an arm’s length firm specializing in oil and gas asset divestiture. 

Investors will receive a total of 90.329 Shares for each Partnership unit held. The Shares will be transferred to investors on a tax-deferred basis with capital gains tax being payable when the Shares are sold. 

The Shares will be subject to certain resale restrictions with one-third being released from resale restrictions on each of the four, eight and twelve month anniversaries of the closing date of the transaction, which is April 1, 2015. Holders of the Shares will receive any cash distributions paid during the resale restriction period.

The resale restrictions of the each set of Shares will be released as follows:

– Maple Leaf Royalties Corp. Common Shares (CA56531N802) – Expiry August 2, 2015
– Maple Leaf Royalties Corp. Common Shares (CA56531N885) – Expiry December 1, 2015
– Maple Leaf Royalties Corp. Common Shares (CA56531N877) – Expiry April 1, 2016

Pursuant to the Partnership’s unique business model, investors received total cash distributions of $19.95 per $100 invested and will receive $100 per unit of tax deductions over time. 

FOR FURTHER INFORMATION

Please contact Shane Doyle, President

MAPLE LEAF 2012-II ENERGY INCOME LIMITED PARTNERSHIP
Email: info@mapleleaffunds.ca | Web: www.mapleleaffunds.ca

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Maple Leaf 2012-II Energy Income Limited Partnership 

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