Mavrix Fund Management Inc.

Mavrix Fund Management Inc.

February 12, 2010 14:39 ET

Mavrix Fund Management Inc. Is Pleased to Announce the Filing of the Preliminary Prospectus for the Mavrix Quebec 2010 Flow Through LP

TORONTO, ONTARIO--(Marketwire - Feb. 12, 2010) - Mavrix Fund Management Inc. ("Mavrix") is pleased to announce the filing of the preliminary prospectus for the Mavrix Québec 2010 Flow Through L P (the "Partnership"). The Partnership will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in the province of Québec. Provided applicable conditions under the Taxation Act (Québec) are satisfied, a Québec Limited Partner, who is a resident of Québec at the end of the year, may be entitled to deduct up to 150% of certain exploration expenses incurred in the Province of Québec.

Mavrix is the manager and portfolio advisor of the Partnership.

The maximum size of the offering is $20,000,000. The syndicate of agents is being led by Desjardins Securities Inc. with other syndicate members including Dundee Securities Corporation, Industrial Alliance Securities Inc., GMP Securities L.P., Laurentian Bank Securities Inc., Canaccord Financial Ltd. and Wellington West Capital Markets Inc.

Mavrix and the Partnership are being represented by Blake, Cassels & Graydon LLP and the syndicate of agents is being represented by McCarthy Tétrault LLP.

A preliminary prospectus containing important information relating to these securities has been filed with the securities regulatory authorities in the provinces of Ontario and Québec. Copies of the preliminary prospectus may be obtained from Raymond Duong, Desjardins Securities Inc., at (416) 867-3566 or There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

Contact Information

  • Mavrix Fund Management Inc.
    Raymond Steele
    Chief Financial Officer
    Direct: (416) 365-4071 or Toll Free: 1-888-964-3533