Mavrix Fund Management Inc.

Mavrix Fund Management Inc.
Mavrix Quebec 2009 Flow Through LP

Mavrix Quebec 2009 Flow Through LP

October 29, 2009 14:04 ET

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

TORONTO, ONTARIO--(Marketwire - Oct. 29, 2009) - Mavrix Fund Management Inc. ("Mavrix") is pleased to announce the second closing of the sale of limited partnership units of Mavrix Quebec 2009 Flow Through LP (the "Partnership"). Gross proceeds raised to date are $4.048 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. A final closing of the offering is scheduled to occur on or about November 17, 2009. The maximum size of the offering is $20,000,000.

Mavrix is the manager and portfolio advisor of the Partnership.

The syndicate for the offering is being 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 are being represented by Blake, Cassels & Graydon LLP and the syndicate of agents is being represented by McCarthy Tetrault LLP.

This offering is only made by prospectus. The prospectus related to this offering contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from Richard Huang, Desjardins Securities Inc., at (416) 867-3566 or richard.huang@vmd.desjardins.com. and also from Mavrix Fund Management Inc., Raymond Steele, Chief Financial Officer. Direct: 416-365-4071, Toll Free: 1-888-964-3522 or E-mail:rsteele@mavrixfunds.com. Investors should read the prospectus before making an investment decision.

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 Halifax, Montreal and Winnipeg. 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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