Mavrix Fund Management Inc. Is Pleased To Announce The Filing Of The Preliminary Prospectus For The Mavrix TSX Venture Fund

    TSX: MVX

    Mavrix Fund Management Inc. (MVX on TSX)

    TORONTO, June 20 /CNW/ - Mavrix Fund Management Inc. is pleased to
announce the filing of the preliminary prospectus in connection with the
initial public offering of the Mavrix TSX Venture Fund (the "Fund"). The
prospectus seeks to qualify the distribution of warranted units each
consisting of one trust unit of the Fund (a "Fund Unit") and one half of one
Fund Unit purchase warrant at a price of $10.00 per warranted unit. Each whole
purchase warrant entitles the holder to purchase one Fund Unit at a price of
$10.25 on August 15, 2009.
    The Fund has been created to provide investors with the potential for
capital appreciation through exposure to an actively managed portfolio (the
"Portfolio") of growth-oriented, small capitalisation companies, selected
primarily from the TSX Venture Exchange. The Fund will invest at least 80% of
its total assets in issuers either currently listed on the TSX Venture
Exchange or which were listed on the TSX Venture Exchange within the last 12
months but have since graduated to a Toronto Stock Exchange ("TSX") listing.
As part of its investment process, the Manager will focus on issuers that have
been included in the TSX Venture 50(TM). The Fund may also invest up to 20% of
its total assets in other small capitalization issuers listed on the TSX.
    The maximum size of the offering is $50,000,000 and is being led by
Scotia Capital Inc. and Dundee Securities Corporation.

    About Mavrix Fund Management Inc.

    Mavrix is a publicly listed company trading on the TSX under the symbol
MVX and is the manager of 14 open ended mutual funds and 5 resource
flow-through limited partnerships totalling approximately $760 million in
asset under management. Mavrix is headquartered in Toronto with offices in
Halifax, Montreal, Winnipeg, Calgary, and Vancouver. Mavrix Mutual Funds are
distributed solely through licensed financial advisors and stockbrokers.

    %SEDAR: 00020385E

For further information:

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

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