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Warrants Alert

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Address: 100 King St W
Toronto ON M5X 1A6
Phone: 416 847 5338
Fax: 416 362 7925
Website: http://www.middlefield.com

Warrant Symbol - PCD.WT
Number  Trading - 6,220,000
Expiration Date - November 30, 2010
Cusip - 70320R 11 4
Exercise Price - $12.00

Warrants called to trade news

Pathfinder Convertible Debenture Fund To Trade On Toronto Stock Exchange
December 8, 2009

Pathfinder Convertible Debenture Fund (the "Fund") - Further to Toronto Stock Exchange Bulletin #2009-1533, dated November 18, 2009, which describes an initial public offering of the Combined Units of the Fund, the trust units ("Units") and unit purchase warrants ("Warrants") comprising the Combined Units will trade separately commencing at the opening on Thursday, December 10, 2009, at which time the Combined Units (Symbol: PCD.A) will be halted and delisted at the close of business that day.

Under the trading information set out below, (i) 12,740,000 Units will be listed, of which 6,220,000 Units will be issued and outstanding and 6,520,000 Units will be reserved for issuance; and (ii) 6,220,000 Warrants will be listed, all of which will be issued and outstanding.

Trust Units
Stock Symbol: "PCD.UN"
CUSIP: 70320R 10 6
Trading Currency: CDN$

Warrants
Stock Symbol: "PCD.WT"
CUSIP: 70320R 11 4
Trading Currency: CDN$

Temporary Market Maker: Desjardins Securities Inc.

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