TORONTO, ONTARIO--(Marketwire - April 26, 2010) - Mavrix Fund Management Inc. ("Mavrix") is pleased to announce the filing of the final 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. The maximum size of the offering is $50,000,000. The initial closing of the offering is expected to occur on or about April 30, 2010.
Mavrix is the manager and portfolio advisor of the Partnership.
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.
This offering is made by prospectus and by way of private placement. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from any IIROC registered financial advisor. 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 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.