Mavrix Quebec 2009 Flow Through LP

Mavrix Quebec 2009 Flow Through LP
Mavrix Fund Management Inc.

Mavrix Fund Management Inc.

November 17, 2009 11:18 ET

Mavrix Fund Management Inc. is Pleased to Announce the Final Closing for the Mavrix Quebec 2009 Flow Through LP

TORONTO, ONTARIO--(Marketwire - Nov. 17, 2009) - Mavrix Fund Management Inc. ("Mavrix") is pleased to announce the final closing of the sale of limited partnership units of Mavrix Quebec 2009 Flow Through LP (the "Partnership"). Total gross proceeds raised were $5.347 million. The Partnership will primarily invest in flow-through shares of resource issuers engaged in mineral or oil and gas exploration primarily in the Province of Quebec, with a view to maximizing the tax benefit of an investment in the Units, preserving capital and achieving capital appreciation. The Partnership intends to focus on companies in the intermediate and junior resource sector with advanced exploration programs.

Mavrix is the manager and portfolio advisor of the Partnership.

The Mavrix Quebec 2009 Flow Through LP initial public offering was led by Desjardins Securities Inc. with other syndicate members including CIBC World Markets Inc., BMO Capital Markets, Canaccord Capital Corporation, Dundee Securities Corporation, Industrial Alliance Securities Inc., Laurentian Bank Securities Inc., GMP Securities L.P. and Wellington West Capital Markets Inc.

Mavrix and the Partnership were represented by Blake, Cassels & Graydon LLP and the syndicate of agents was represented by McCarthy Tetrault LLP.

About Mavrix Fund Management Inc.

Mavrix Fund Management Inc. is an asset management company founded and operated by experienced portfolio managers. The company offers a focused lineup of concentrated, actively managed funds that aim to complement mainstream funds. Mavrix supports its products by providing financial advisors with regular and direct access to portfolio managers and unbiased commentary, which has enabled the company to become a trusted advisor to its clients. Mavrix is headquartered in Toronto with offices in Montreal. Mavrix's parent company is GrowthWorks Ltd. GrowthWorks Ltd. venture capital division specializes in the management and growth of regionally based venture capital funds. GrowthWorks Ltd. has combined assets under management of over $1 billion.

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