Mavrix Fund Management Inc.

Mavrix Fund Management Inc.

January 27, 2010 13:01 ET

Mavrix Fund Management Inc. is Pleased to Announce the Filing of the Preliminary Prospectus for the Mavrix Explore 2010-I FT Limited Partnership

TORONTO, ONTARIO--(Marketwire - Jan. 27, 2010) - Mavrix Fund Management Inc. ("Mavrix") is pleased to announce the filing of the preliminary prospectus for the Mavrix Explore 2010 - I FT Limited Partnership (the "Partnership"). The Partnership will primarily invest in flow-through shares of resource issuers engaged in mineral or oil and gas exploration in Canada, with a view to maximizing the tax benefit of an investment in the Partnership's units, preserving capital and achieving capital appreciation for limited partners. 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 maximum size of the offering is $50,000,000. The syndicate for the offering is being led by Dundee Securities Corporation with other syndicate members including BMO Nesbitt Burns Inc., Canaccord Financial Ltd., Scotia Capital Inc., Raymond James Ltd., Desjardins Securities Inc., GMP Securities L.P., M Partners Inc., Macquarie Capital Markets Canada Ltd., Wellington West Capital Markets Inc., Industrial Alliance Securities Inc., Queensbury Securities Inc. and Research Capital Corporation.

Mavrix and the Partnership are being represented by Blake, Cassels & Graydon LLP and the syndicate of agents is being represented by McCarthy Tetrault 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, except Quebec. 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 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 is a subsidiary of Matrix Asset Management Inc.(TSX:MTA). Matrix manages combined assets of approximately $3 billion through three operating divisions - institutional asset management, conventional and specialty mutual funds, and venture capital/private equity.

Contact Information

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