TORONTO, ONTARIO--(Marketwire - Aug. 20, 2011) - On August 17, 2011, GrowthWorks Canadian Fund Ltd. ("GrowthWorks") raised serious concerns about coercive and misleading statements being made by the VenGrowth Funds' proxy solicitation agent, Georgeson, in connection with the VenGrowth Funds Board's latest proposal (the "Second Covington Proposal") to merge the VenGrowth Funds into Covington Fund II Inc. ("Covington").