VentureLink Funds comments on investment in Orion Securities Inc. following acquisition by Macquarie Group.

    TORONTO, Oct. 10 /CNW/ - VentureLink LP, manager of the VentureLink Group
of labour-sponsored investment funds, with over $250 million in assets under
management, today announced it will continue to hold its debt interest in
Orion Securities Inc. upon completion of an acquisition of Orion by Macquarie
Group, an Australian headquartered global financial services organization.
    Orion, formerly known as Yorkton Securities, has completed several
financially successful years as a result of the resource bull market, earning
a pre-tax profit of $41 million in its last fiscal year. The transaction is
expected to close by the end of 2007. Under Macquarie ownership the business
will operate as Macquarie Capital Markets Canada Limited.
    VentureLink Diversified Income Fund invested $760,000 and VentureLink
Financial Services Innovation Fund invested $5,940,000 in October, 2003. These
debentures will remain outstanding until their March, 2009 maturity. The two
funds acquired a small equity position in Orion as well. The equity positions
will be sold for cost plus restricted common shares in Macquarie. The impact
on the Funds' NAV will be immaterial.
    John Varghese, Managing Partner, VentureLink LP, an Orion Director and
also former Chairman said "Our capital was invested at a critical juncture in
Orion's operations as we invested at the front end of the turnaround. Dan
Cristall and his partners have done a tremendous job creating value for all
stakeholders in the four years since. Orion goes from an employee owned firm
to being sponsored by a world class organization in Macquarie."

    About VentureLink

    With over $250 million under management, VentureLink Funds are a diverse
group of labour-sponsored funds ("LSIF"). The group was a pioneer in bringing
funds focused on mezzanine debt to the LSIF market, a conservative approach
that provides investors benefit from the security of debt positions along with
the growth potential of participating equity. VentureLink Funds give investors
access to well-diversified portfolios of established companies operating in
traditional industries such as financial, manufacturing and service industries
as well as dynamic industries like alternative energy.
    The company maintains a strong relationship with CI Financial Inc., who
performs client services and client account administration for the Funds. For
more information, please visit:

    About Orion Securities Inc.

    Orion is a leading Canadian institutional independent dealer that
provides investment banking services primarily to the resources sector.
Orion's focus is on a number of key sectors including Energy, Mining,
Technology, Health Care & Biotechnology, and Diversified Industries. Orion's
principal activities include M&A advisory, equity underwritings, equity
research, sales and trading as well as proprietary trading and market making.
Orion has offices in Toronto, Calgary and Montreal. For more information,

For further information:

For further information: John Varghese, Managing Director, VentureLink
LP, (416) 681-6371

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