TORONTO, ONTARIO--(Marketwire - June 29, 2011) - GrowthWorks Canadian Fund Ltd. ("GrowthWorks") today raised more concerns about the VenGrowth Funds Board and its efforts to find a suitor for the $300 million of VenGrowth Funds assets. The latest concerns surround proposed undisclosed coercive and discriminatory redemption conditions for VenGrowth Class A shareholders in the VenGrowth Funds Board's latest proposal (the "Second Covington Proposal" or "Transaction" ) to merge the VenGrowth Funds into Covington Fund II Inc. ("Covington").