Mavrix Fund Management Inc. announces debt financing

    TSX: MVX

    TORONTO, June 20 /CNW/ - Mavrix Fund Management Inc. (MVX: TSX) announced
today that it has completed the issuance of $6 million of debenture financing
with VentureLink Financial Services Innovation Fund Inc. The debenture matures
July 2, 2011, will bear interest at 10%, and will include 600,000 warrants to
purchase common shares of Mavrix.
    Mavrix used the proceeds of the placement to purchase and retire the
existing convertible debenture held by VentureLink and for general corporate

    %SEDAR: 00020385E

For further information:

For further information: Raymond Steele, COO and CFO. Toll Free:
1-888-964-3533, Direct: (416) 365-4071, Email: - Or
visit our website at

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