TORONTO, ONTARIO--(Marketwire - May 5, 2011) - In response to an application made by the special committee of directors of the VenGrowth Funds, the office of the Secretary of the Ontario Securities Commission gave notice yesterday that it had set the matter down for a hearing on June 1, 2011. The VenGrowth application effectively seeks to stop the efforts by GrowthWorks Canadian Fund Ltd. ("GrowthWorks") to bring an alternative merger choice to Class A shareholders of the VenGrowth Funds ("VenGrowth Shareholders").