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



    Mavrix Fund Management Inc. (MVX on TSX)

    TORONTO, June 30 /CNW/ - Mavrix Fund Management Inc. (Mavrix) is pleased
to announce the second closing of the sale of limited partnership units of
Mavrix Explore 2009-I FT Limited Partnership (the "LP"). Gross proceeds raised
to date have been $5.5 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. The final closing of the offering is
scheduled to occur on July 16, 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 Len Sauer, Canaccord Capital
Corporation, Direct: (416) 869-7398 or E-mail: len.sauer@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: Mavrix Fund Management Inc. at (416) 362-3077,
1-888-964-3533 or www.mavrixfunds.com

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MAVRIX FUND MANAGEMENT INC.

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