Matrix Funds Management

Matrix Funds Management

December 19, 2011 17:11 ET

Matrix Announces the Filing of the Preliminary Prospectus for the Matrix 2012-I National and Quebec Resource Flow Through LP

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2011) - Matrix Funds Management (a division of Growth Works Capital Ltd.) ("Matrix") is pleased to announce the filing of the preliminary prospectus for the initial public offering of units of Matrix 2012-I National and Québec Resource Flow Through LP (the "Flow Through LP"). The Flow Through LP is a flow-through investment fund with a dual-class structure which allows investors to obtain units of a National portfolio or units of a Québec portfolio, each with its own investment objectives and distinct tax deductions. The National Class Unit is suitable for investors who are Canadian residents subject to Canadian income tax. The Québec Class Unit is primarily suitable for investors who are residents of the Province of Québec subject to Québec income tax.

The Flow Through LP will primarily invest in flow-through shares of resource issuers engaged in mineral or oil and gas exploration and/or development in Canada and Québec, with a view to maximizing the tax benefit of an investment in the Flow Through LP's units, preserving capital and achieving capital appreciation for holders of the National Class Units and holders of Québec Class Units.

Matrix is the manager and portfolio advisor of the Flow Through LP.

The offering has been set at a maximum of $25,000,000 for the National Class and $20,000,000 for the Québec Class. The syndicate for the offering is being co-led by Desjardins Securities Inc. and National Bank Financial Inc. with other syndicate members including BMO Nesbitt Burns Inc., TD Securities Inc., Industrial Alliance Securities Inc., Manulife Securities Incorporated, Canaccord Genuity Corp., Laurentian Bank Securities Inc., Dundee Securities Ltd., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Rothenberg Capital Management Inc. and Union Securities Ltd.

Matrix and the Flow Through LP are represented by Blake, Cassels & Graydon LLP and the syndicate of agents is represented by McCarthy Tétrault LLP.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any IIROC registered financial advisor. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

About Matrix Funds Management (a division of Growth Works Capital Ltd.)

Matrix Funds Management (a division of Growth Works Capital Ltd.) is the manager of the Matrix Funds and a subsidiary of Matrix Asset Management Inc. (TSX:MTA). Matrix provides diversified asset and wealth management for both individuals and institutional investors. Please visit www.matrixfunds.ca for more information.

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