Mavrix Fund Management Inc. is Pleased to Announce the Initial Closing for Mavrix Explore 2009-I FT Limited Partnership



    Mavrix Fund Management Inc. (MVX on TSX)

    TORONTO, June 4 /CNW/ - Mavrix Fund Management Inc. (Mavrix) is pleased
to announce the initial closing of the sale of limited partnership units of
Mavrix Explore 2009-I FT Limited Partnership (the "LP"). Gross proceeds raised
were $3.9 million. The LP will invest in a diversified portfolio of
flow-through shares issued by companies engaged primarily in mineral or oil
and gas exploration activities in Canada. A second closing of the offering is
scheduled to occur on or about June 30, 2009.
    Mavrix is the manager and portfolio advisor of the LP.
    The maximum size of the offering is $30,000,000. The syndicate is being
led by Canaccord Capital Corporation with other syndicate members including
CIBC World Markets Inc., Dundee Securities Corporation, BMO Capital Markets,
Scotia Capital Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins
Securities Inc., M Partners Inc., Wellington West Capital Markets Inc.,
Industrial Alliance Securities Inc., Queensbury Securities Inc., and Research
Capital Corporation.
    This offering is only made by prospectus. The prospectus related to the
LP contains important detailed information about the securities being offered.
Copies of the prospectus may be obtained from Jennifer Leung, Canaccord
Capital Corporation, Direct: (416) 867-7708 or E-mail:
jennifer.leung@canaccordadams.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. (TSX: MVX) is an asset management company
    founded and operated by experienced portfolio managers. The company
offers a focused line-up 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. Additional information about Mavrix can be found at
www.mavrixfunds.com.





For further information:

For further information: Copies of the prospectus may be obtained from
Jennifer Leung, Canaccord Capital Corporation, Direct: (416) 867-7708 or
E-mail: jennifer.leung@canaccordadams.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

Organization Profile

MAVRIX FUND MANAGEMENT INC.

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