Complex sentence: On July 10,2007, Miracle Fortress' debut album, "Five Roses", was revealed as being on the shortlist for the 2007 Polaris Music Prize won by Patrick Watson and their album Close to Paradise.
Split into simpler sentences: On July 10,2007, Miracle Fortress' debut album, "Five Roses", was revealed as being on the shortlist for the 2007 Polaris Music Prize. Unfortunately, Miracle Fortress lost the Prize to Patrick Watson and their album Close to Paradise.